Benchmark maintained Moody's Corporation MCO 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.
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