Mizuho analyst Sean Kennedy raised the firm’s price target on Moody’s (MCO) to $539 from $532 and keeps a Neutral rating on the shares as part of a Q3 earnings preview. The positive issuance momentum in June persisted into Q3, the analyst tells investors in a research note. The firm sees 10% rated issuance year-over-year growth for the quarter, driven by strong high-yield bond and leveraged loan issuance.
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