Moody’s price target raised to $300 from $275 at Barclays

Barclays analyst Manav Patnaik raised the firm’s price target on Moody’s to $300 from $275 and keeps an Equal Weight rating on the shares. The shares remain resilient as investor bullishness appears undeterred despite Moody’s reset medium-term outlook that implies a large issuance bounce back is unlikely, the analyst tells investors in a research note. The firm sees a balanced risk/reward at current share levels.