Moody’s price target lowered to $350 from $362 at Stifel

Stifel analyst Shlomo Rosenbaum lowered the firm’s price target on Moody’s to $350 from $362 and keeps a Hold rating on the shares. The firm views the 7.9% decline in stock price as largely a function of the weaker-than-expected results and “disappointing” 2024 guidance, though the inflation reading yesterday was “also a factor,” the analyst tells investors in a post-earnings note. While the company taking an opportunity to make targeted investments in the business to capitalize on opportunities, can limit margin expansion in the near-term, the firm views this as positive for the long-term, the analyst added.