Barclays Upgrades Moody's to Overweight, Raises Price Target to $450
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Manav Patnaik upgraded Moody's (MCO) from Equal-Weight to Overweight and increased the price target from $375 to $450.
April 02, 2024 | 6:14 pm
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POSITIVE IMPACT
Moody's rating was upgraded by Barclays from Equal-Weight to Overweight, with a price target increase from $375 to $450.
An upgrade by a major analyst like Barclays, especially with a significant increase in the price target, is a strong positive signal to the market. This suggests a bullish outlook on Moody's financial performance and growth prospects, likely leading to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100