On Oct 23, major Wall Street analysts update their ratings for $Moody's (MCO.US)$, with price targets ranging from $512 to $570.
Barclays analyst Manav Patnaik maintains with a buy rating, and maintains the target price at $570.
Wells Fargo analyst Jason Haas CFA maintains with a buy rating, and maintains the target price at $550.
Evercore analyst David Motemaden maintains with a buy rating, and maintains the target price at $521.
Baird analyst Jeffrey Meuler maintains with a buy rating, and adjusts the target price from $490 to $512.
Oppenheimer analyst Owen Lau maintains with a buy rating, and adjusts the target price from $536 to $543.
Furthermore, according to the comprehensive report, the opinions of $Moody's (MCO.US)$'s main analysts recently are as follows:
The analyst notes that Moody's delivered impressive Q3 adjusted earnings, surpassing both the expected and consensus estimates. Due to a robust performance in MIS, there was an upward revision in the full-year revenue and EPS forecasts. The outstanding results from the first three quarters set a high bar for Q4 and beyond into 2025. Nevertheless, with the anticipation of declining interest rates next year, there's a possibility for an advance in maturities initially expected in 2026 into 2025.
The assessment concludes that the risk/reward profile for Moody's is seen as leaning positive, with structural risks being minimal. However, it is noted that the company is positioned lower within the hierarchy of top-quality businesses that have received a similar optimistic outlook.
Here are the latest investment ratings and price targets for $Moody's (MCO.US)$ from 6 analysts:
Note:
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