Moody’s price target raised to $275 from $250 at Barclays

Barclays analyst Manav Patnaik raised the firm’s price target on Moody’s to $275 from $250 and keeps an Equal Weight rating on the shares. The analyst is waiting for more clarity on the outlook for U.S. business and information services stocks heading into 2023. He recommends reducing exposure and awaiting guidance from managements. Patnaik is looking for companies that guide conservatively.