BMO Capital analyst Jeffrey Silber lowered the firm’s price target on Moody’s (MCO) to $456 from $481 and keeps a Market Perform rating on the shares. Moody’s beat against a lower bar as estimates fell into the print on slowing issuance activity, the analyst tells investors in a research note. The muted market reaction shows the 2025 issuance guidance cut was reasonably well-telegraphed given intraquarter issuance data.
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