BMO Capital raised the firm’s price target on Moody’s (MCO) to $489 from $463 and keeps a Market Perform rating on the shares. The company delivered a top-line driven beat in Q1 despite moderating issuance growth, the analyst tells investors in a research note. Middle East tensions have increased volatility, though the management believes it is impacting timing rather than demand, the firm added. BMO further notes that proprietary data providers such as Moody’s will benefit from AI adoption and is focused on embedding its content into client workflows.
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