Oppenheimer analyst Owen Lau lowered the firm’s price target on Moody’s (MCO) to $489 from $523 to account for challenging macro-outlook, while keeping an Outperform rating on the shares. The firm notes the company reported a strong quarter driven by better-than-expected Ratings revenue, but lowered FY25 guidance due to lower GDP growth forecast, widening spread, and lingering tariff concerns.
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