BMO Capital Remains Sidelined on Moody’s Corp. (MCO) After Meeting with Management

BMO Capital reiterated a Market Perform rating and $108.00 price target on Moody's Corp (NYSE: MCO) after meeting with management. Since the November 8 close, MCO has been roughly flat, vs. a 5.3% increase in the S&P500.

Analyst Jeffrey Silber commented, "While there were no new material disclosures, our investor meetings with management provided greater insight into MCO’s strategy. While the stock has been under some pressure post-election over fears of slower debt issuance in a “Trump World” (potential limitations on interest rate deductibility; rising interest rates; cash repatriation reducing capital needs), accelerated economic growth could mute some of these negatives. At the very least, 2017 could see increased debt issuance as corporations “front-run” some of the potential adverse impacts. No update was provided on the potential Dept. of Justice litigation."

For an analyst ratings summary and ratings history on Moody's Corp click here. For more ratings news on Moody's Corp click here.

Shares of Moody's Corp closed at $99.77 yesterday.

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