BofA analyst Joshua Dennerlein reinstated coverage of Moody’s (MCO) with a Buy rating and $530 price target The firm’s positive view is attributed to the rating agency’s network effect, the firm’s significant operating leverage and the “under-estimated growth engine” of Moody’s Analytics, the analyst tells investors.
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Read More on MCO:
- S&P Global price target lowered to $587 from $600 at Morgan Stanley
- Moody’s price target lowered to $493 from $508 at Morgan Stanley
- Moody’s price target lowered to $520 from $570 at Barclays
- Moody’s Stock: Hold Rating Amid Modest Growth and Market Challenges
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