Clear Street initiated coverage of Moody’s (MCO) with a Buy rating and $558 price target Other than the growing debt outstanding trend that Moody’s can benefit from, management has been investing into AI and the private market, the analyst tells investors in a research note. The firm believes the company has become a data and analytics provider than just a rating agency, and this simple model serves the stock well commanding a premium multiple relative to other high quality information services companies.
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