Keefe Bruyette & Woods Initiates Coverage on Moody's Corp (MCO) with a Market Perform

September 2, 2010 6:55 AM EDT
Get Alerts MCO Hot Sheet
Price: $101.02 +1.06%

Rating Summary:
    4 Buy, 16 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Keefe Bruyette & Woods initiates coverage on Moody's Corp (NYSE: MCO) with a Market Perform rating. PT $25.

KBW analyst says, "We believe that Moody's will continue to be an important player in U.S. and international capital markets. While its reputation has been tarnished by the financial crisis and regulatory agencies have focused on ways to constrain its influence, alternatives remain limited and its earnings power remains strong. We do believe that concerns regarding legal and regulatory issues will continue to pressure the stock."

To see all the upgrades/downgrades on shares of MCO, visit our Analyst Ratings page.

Shares gained $0.51 yesterday to close at $21.95. However, year over year, the stock is down slightly.

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