UPDATE: Lazard Capital Markets Upgrades Moody's on Strong Business Model
In a report published Friday, Lazard Capital Markets analyst William Bird, CFA upgrades Moody's (NYSE: MCO) to Buy from Neutral.
Bird notes Moody's strong business model, inherent inflation-protection, and positive potential in the stock. Further “investment appeal is based on its durable franchise, attractive structural drivers, unique pricing power, high incremental margins, stock buyback capacity, and top-shelf management team.”
The analyst maintains a $74.00 price target on MCO.
Moody's closed at $63.62 on Thursday, September 5th.
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