Moody’s price target lowered to $411 from $480 at Oppenheimer

Oppenheimer analyst Owen Lau lowered the firm’s price target on Moody’s to $411 from $480 and keeps an Outperform rating on the shares following quarterly results. Trading at 35-times forward earnings pre-print, a miss in the quarter, and not much positive surprise in guidance, the stock was down 8% post-print while the S&P500 was down 1%, the firm notes.