BMO Capital Comments on Moody's Corp (MCO)

BMO Capital analyst Jeffrey Silber reiterated an Outperform rating and $420.00 price target on Moody's Corp (NYSE: MCO).

The analyst comments "MCO reported a 1Q24 beat driven by strong debt issuance, as MIS posted its second best ever revenue quarter. While MA growth slowed slightly, ARR rose 10%. Margin expansion mostly driven by the strong MA results. Management only raised the lowend of 2024 guidance, as it believes debt issuance was pulled forward from later in 2024; it lowered MA guidance owing to f/x and slightly slower start to the year. We adjust our estimates."

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 $376.40 yesterday.

You May Also Be Interested In

• Goldman Sachs Upgrades Plains GP Holdings, L.P (PAGP) to Neutral
• UBS Downgrades Fonterra Co-operative Group Ltd (FSF:NZ) to Neutral
• UBS Downgrades Bharat Heavy Electricals Ltd (BHEL:IN) to Neutral