Moody’s price target raised to $532 from $496 at Mizuho

Mizuho raised the firm’s price target on Moody’s (MCO) to $532 from $496 and keeps a Neutral rating on the shares post the Q2 report. The firm says that after steep year-over-year declines in April, the issuance markets stabilized in May and June. Management is executing well in the current environment but this currently fairly reflected in the stock, the analyst tells investors in a research note.