JPMorgan raised the firm’s price target on Moody’s to $415 from $410 and keeps an Overweight rating on the shares. The firm raised revenue estimates for the ratings agencies as it expects a strong Q1 for ratings. However, the rest of the year is an “open question,” the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCO:
- MA, MCO, AMT: These Stocks Are Leading Hedge Fund Expert’s Top 3 Picks
- Atsi Sheth appointed Chief Credit Officer for Moody’s Ratings
- Estee Lauder upgraded, Petco downgraded: Wall Street’s top analyst calls
- Moody’s upgraded to Overweight from Equal Weight at Barclays
- Moody’s price target raised to $410 from $350 at Argus