Moody’s price target raised to $510 from $500 at Argus

Argus raised the firm’s price target on Moody’s (MCO) to $510 from $500 and keeps a Buy rating on the shares. The firm cites the company’s Q1 earnings beat and expects it to benefit over the long run from the secular trends of global GDP growth and debt-market disintermediation, the analyst tells investors in a research note. Moody’s management also has opportunities to develop new products, raise margins, and expand through targeted acquisitions, the firm adds.