Moody’s price target raised to $520 from $514 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Moody’s (MCO) to $520 from $514 and keeps an Equal Weight rating on the shares. Strong issuance in the quarter, up 17%, drives the firm’s EPS estimates higher by 6% and 12% for S&P Global (SPGI) and Moody’s, respectively. The firm expects S&P and Moody’s to raise full-year guidance with Q3 results, the analyst tells investors in a preview.