Moody’s price target raised to $565 from $495 at JPMorgan

JPMorgan analyst Andrew Steinerman raised the firm’s price target on Moody’s (MCO) to $565 from $495 and keeps an Overweight rating on the shares. The firm increased targets for the credit agencies ahead of the Q2 reports. Debt issuance was better than feared in Q2 while global equity markets rallied, the analyst tells investors in a research note.