Moody’s price target raised to $510 from $430 at BofA

BofA raised the firm’s price target on Moody’s to $510 from $430 and keeps a Buy rating on the shares. The firm, which notes Moody’s will report Q2 earnings before the market open on July 23, attributes share price outperformance since the end of April to strong issuance data. The firm thinks year-over-year growth should persist and thinks Moody’s sales and EPS are poised for strong growth as the issuance market recovers from lows, the analyst tells investors in a preview note.