Oppenheimer analyst Owen Lau raised the firm’s price target on Moody’s to $536 from $492 and keeps an Outperform rating on the shares. The firm also raised its Q3 EPS estimate by 6% from $2.68 to $2.85, which is 11% above consensus. Additionally, Oppenheimer raised its 2024 and 2025 EPS to $11.45 and $12.96, from $11.23 and $12.94.
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