BMO Capital raised the firm’s price target on Moody’s (MCO) to $464 from $455 and keeps a Market Perform rating on the shares. The firm anticipates a “strong” performance from the company’s Moody’s Investors Service segment based on public data and S&P Global’s (SPGI) billed issuance results through August, the analyst tells investors in a research note. BMO adds that it still expects an issuance slowdown going forward, though some of this may be offset by a pickup in new issuance as some uncertainty dissipates post the November election, the firm added.
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Read More on MCO:
- Moody’s price target raised to $462 from $451 at Morgan Stanley
- S&P Global price target raised to $570 from $564 at Morgan Stanley
- Moody’s price target raised to $550 from $510 at Wells Fargo
- Moody’s price target raised to $536 from $492 at Oppenheimer
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