Moody’s price target raised to $380 from $355 at UBS

UBS raised the firm’s price target on Moody’s to $380 from $355 and keeps a Neutral rating on the shares. Moody’s outlook appears more aggressive than its primary peer, which could set up for relative disappointment as market uncertainty remains, with rate cut expectations pushed out further, the analyst tells investors in a research note. With estimates coming down and a significant earnings recovery still priced in, UBS remains on the sidelines.