Wells Fargo Upgrades Moody's to Overweight, Raises Price Target to $455
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Seth Weber has upgraded Moody's (MCO) from Equal-Weight to Overweight and increased the price target from $365 to $455.
December 15, 2023 | 11:53 am
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POSITIVE IMPACT
Moody's Corporation (MCO) has been upgraded by Wells Fargo from Equal-Weight to Overweight with a raised price target from $365 to $455.
Upgrades by analysts, especially from reputable financial institutions like Wells Fargo, can lead to increased investor confidence and a potential rise in stock price. The substantial increase in the price target suggests a strong conviction in the company's future performance, which may positively influence the stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100