Moelis (MC) stock experienced a significant surge intraday, soaring 6.56%. The movement occurred during the trading session on Thursday, drawing notable attention from market participants.

The sharp rise appears to be driven by positive analyst actions. BMO Capital raised its price target on Moelis to $78 from $75, while Morgan Stanley increased its target to $90 from $89 and maintained an Overweight rating on the shares. These upward revisions in price targets by major financial institutions likely contributed to the bullish sentiment and buying pressure on the stock.