Daiwa analyst Kazuya Nishimura upgraded Moody’s (MCO) to Outperform from Neutral with a $590 price target The firm increased earnings forecasts for the Moody’s Investors Service segment to reflect the favorable issuance environment, a pickup in the merger market, and growing demand for credit ratings in the private credit field. Daiwa’s expectations for Moody’s medium-term profit growth are now slightly higher than for S&P Global.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCO:
- Moody’s upgraded to Outperform from Neutral at Daiwa
- Moody’s appoints Lisa Sawicki to board of directors
- CoreWeave Stock (CRWV) Jumps 13% After CEO Responds to Critics
- Moody’s price target raised to $620 from $540 at Evercore ISI
- Six Flags Stock (FUN) Rises despite $1B Junk Bond Sale to Fulfil Older Debts