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.
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