tiprankstipranks
Advertisement
Advertisement

Moody’s price target raised to $560 from $550 at BofA

BofA analyst Curtis Nagle raised the firm’s price target on Moody’s (MCO) to $560 from $550 and keeps a Buy rating on the shares. The firm, which is raising its EPS estimates on stronger first half issuance, sees AI as a productivity and new product driver and sees durable moats from proprietary data, deeply embedded regulation in core markets and high switching costs, the analyst tells investors after earnings.

Claim 55% Off TipRanks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1