UPDATE: Benchmark Cuts PT to $55 on Moody's Corporation Amid Negative Sentiment

Benchmark maintained Moody's Corporation

with a Buy rating and lowered the price target from $58.00 to $55.00. Benchmark commented, "While legal issues may remain a cloud over the stock, bond issuance remains strong and Moody's favorable fundamentals ought to support a higher share price as legal issues are put into proper perspective or are resolved. We maintain a BUY rating although we trim our price target from $58 to $55 to reflect the prevailing negative sentiment surrounding the story." Moody's Corporation closed at $45.49 on Monday.