Wells Fargo upgraded Moody’s to Overweight from Equal Weight with a price target of $455, up from $365. Post peak interest rates with moderating inflation, the firm’s top business and information services sector picks for 2024 are Ecolab (ECL), FICO (FICO), Moody’s (MCO) and Equifax (EFX). The analyst says issuance is moving in the right direction and momentum should continue into 2025, benefitting Moody’s.
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