UPDATE: RBC Capital Starts Moody's Corp (MCO) at Outperform

July 7, 2021 4:13 PM EDT
Get Alerts MCO Hot Sheet
Price: $370.00 -2.72%

Rating Summary:
    11 Buy, 14 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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(Updated - July 7, 2021 4:13 PM EDT)

RBC Capital analyst Ashish Sabadra initiates coverage on Moody's Corp (NYSE: MCO) with a Outperform rating and a price target of $409.00.

The analyst comments "Moody’s Analytics should sustain low-double-digit revenue growth driven by the focus on integrated risk assessment. Secular trends for credit issuance and pricing increases bode well for high-single-digit revenue CAGR for the MIS (ratings) business in the medium term despite the near term headwinds. We expect sustained margin expansion in the medium term despite the expense growth through the rest of the FY21 due to strategic investments and M&A. In addition,share repurchase sshould help deliver upside to the long-term guidance of low-teens earnings growth. Accordingly, we initiate coverage at Outperform with a $409 price target."

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 $370.04 yesterday.


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