Oppenheimer analyst Owen Lau raised the firm’s price target on Moody’s (MCO) to $523 from $489 and keeps an Outperform rating on the shares after attending Moody’s Credit Frontiers 2025 conference in New York. The firm believes there is still confusion about the broad definition of private credit, which is traditionally defined as middle market lending. But major Alts have expanded this vehicle to finance investment grade issuers.
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