Moody’s price target raised to $350 from $300 at Barclays

Barclays raised the firm’s price target on Moody’s to $350 from $300 and keeps an Equal Weight rating on the shares. The analyst says MIS returned to growth for the first time since Q4 of 2021 as management expressed more confidence in a bottom, although the recovery will likely be rocky and not a big “bounce back” that we are accustomed too in a low rate and better macro environment.