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.
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Read More on MCO:
- Optimistic Outlook on Moody’s: Resilience and Growth Prospects Amid Market Challenges
- Moody’s price target lowered to $491 from $504 at Mizuho
- Moody’s price target lowered to $468 from $533 at Stifel
- Moody’s price target lowered to $489 from $523 at Oppenheimer
- Moody’s price target lowered to $525 from $575 at Baird
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