Market Overview

UPDATE: Piper Jaffray Reiterates Overweight Rating, Raises PT on Moody's Corporation

Share:
Related MCO
Earnings Scheduled For April 29, 2016
First Solar, GameStop, Chipotle Lead List Of March's Best Performers Over Past Decade

In a report published Monday, Piper Jaffray & Co. reiterated its Overweight rating on Moody's Corporation (NYSE: MCO), and slightly raised its price target from $58.00 to $59.00.

Piper Jaffray noted, “Very robust 4Q debt issuance trends should drive EPS upside relative to our prior expectations. We boost our estimates to reflect this recent strength, partially mitigated by higher near-term operating costs. No change to our long-standing bullish view of MCO. Robust near-term EPS growth, attractive secular revenue growth prospects, potential for margin upside, and fading regulatory and legal risk make MCO one of our favorite investment ideas. Based on our higher estimates our price target moves fractionally higher to $59 from $58.”

Moody's Corporation closed on Friday at $53.28.

Latest Ratings for MCO

DateFirmActionFromTo
Apr 2016BMO CapitalInitiates Coverage onPerform
Feb 2016Argus ResearchMaintainsBuy
Feb 2016BarclaysMaintainsOverweight

View More Analyst Ratings for MCO
View the Latest Analyst Ratings

Posted-In: Piper Jaffray & Co.Analyst Color Price Target Analyst Ratings

 

Related Articles (MCO)

View Comments and Join the Discussion!