BMO Capital raised the firm’s price target on Moody’s (MCO) to $531 from $481 and keeps a Market Perform rating on the shares. The company reported a Q4 earnings beat despite estimates rising into the print, which was mostly margin-driven, while the management also announced a restructuring program being driven by its shifting its go-to-market approach towards end-to-end platforms from individual products and increased its medium-term growth targets, aided by this program.
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Read More on MCO:
- Moody’s Hold Rating: Balancing Solid Performance with Deceleration Concerns
- Moody’s price target raised to $540 from $510 at UBS
- Moody’s price target raised to $564 from $497 at Deutsche Bank
- Moody’s price target raised to $533 from $459 at Stifel
- Moody’s price target raised to $575 from $509 at Baird