Moody’s price target raised to $311 from $284 at Raymond James

Raymond James analyst Patrick O’Shaughnessy raised the firm’s price target on Moody’s to $311 from $284 and keeps an Outperform rating on the shares ahead of the Q4 results. Q4 was another notably weak quarter for bond issuance with y/y growth down double digits across every major issuance category, but O’Shaughnessy thinks this weakness was largely embedded within 2022 guidance, the analyst tells investors in a research note.