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UBS Raises Price Target on Moody’s Corp. (MCO) to $116 Following 2Q

July 25, 2016 8:30 AM EDT

UBS reiterated a Buy rating on Moody's Corp (NYSE: MCO), and raised the price target to $116.00 (from $108.00), following the company's 2Q. While MCO maintained FY16 guidance, it now expects to come in at the lower end of the range and reduced some underlying aspects. UBS reduced 2016 estimates for EPS to $4.57 from $4.59.

Analyst Alex... More