UBS raised the firm’s price target on Moody’s to $325 from $308 and keeps a Neutral rating on the shares. Shares outperformed following Q1 results, and while Moody’s left its core outlook largely unchanged, the market was likely not expecting a guidance raise at this point given market uncertainties, positioning the stock for a further beat and raise, the analyst tells investors in a research note.
Published first on TheFly
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