RBC Capital analyst Ashish Sabadra maintains $Moody's (MCO.US)$ with a buy rating, and adjusts the target price from $475 to $535.
According to TipRanks data, the analyst has a success rate of 61.5% and a total average return of 6.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Moody's (MCO.US)$'s main analysts recently are as follows:
The aggregate issuance for Q3 saw a year-over-year increase of 38%, prompting a revision of Q3 ratings revenue growth forecasts to 25%, along with heightened revenue and adjusted earnings per share estimates for 2024. It is anticipated that both companies discussed will surpass street estimates due to the robust issuance observed during the quarter and additional benefits from the index at one of the firms.
The firm is enhancing its estimates for the company mainly to account for benefits from robust issuance, anticipated to continue into 2025.
Note:
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