Moody’s price target raised to $365 from $346 at Wells Fargo

Wells Fargo raised the firm’s price target on Moody’s to $365 from $346 and keeps an Equal Weight rating on the shares. The firm notes shares were up 1.4% as issuance trends support raised 2023 MIS guide and EPS range moves up 25c despite a tempered MA margin as Moody’s continues to invest in sales and new products, including AI-related acceleration.