Wells Fargo analyst Jason Haas CFA maintains $Moody's (MCO.US)$ with a buy rating, and adjusts the target price from $510 to $550.
According to TipRanks data, the analyst has a success rate of 65.3% and a total average return of 15.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Moody's (MCO.US)$'s main analysts recently are as follows:
Aggregate third-quarter issuance saw a 38% increase compared to the previous year. Consequently, expectations for third-quarter ratings revenue growth have been adjusted to 25%, with an anticipation of further increases in 2024 revenue and adjusted EPS estimates. It is projected that both Moody's and S&P Global will surpass market estimates due to robust issuance performance in the quarter and additional benefits at S&P.
The firm is adjusting its projections for the company, largely to incorporate benefits from robust issuance, which it anticipates will continue into 2025.
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