Morgan Stanley raised the firm’s price target on Moody’s (MCO) to $498 from $493 and keeps an Equal Weight rating on the shares. Strong June issuance will lead to a better quarter than investors expected after the “sluggish start” to Q2, says the analyst, who expect S&P Global (SPGI) and Moody’s to maintain full-year guidance expectations.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCO:
- Moody’s price target raised to $573 from $572 at Wells Fargo
- Moody’s fully acquires Chilean credit rating agency ICR
- Moody’s (MCO) Trials Crypto Tokenization of Bond Rating
- Moody’s price target raised to $523 from $489 at Oppenheimer
- Moody’s Positioned for Growth Amidst Private Credit Market Expansion and Regulatory Shifts