Wells Fargo analyst Jason Haas lowered the firm’s price target on Moody’s to $560 from $660 and keeps an Overweight rating on the shares. The firm sees elevated risk that S&P Global’s (SPGI) Ratings and Moody’s (MCO) MIS revenue miss Street expectations in Q1 given a recent slowdown in issuance largely attributable to the conflict in Iran, which has spiked credit spreads.
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