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Fly News Breaks for August 30, 2016
MCO
Aug 30, 2016 | 08:37 EDT
Evercore analyst Warren Gardiner added Moody's to the Tactical Buy list saying corporate debt issuance trends have exceeded expectations in August and are posed to continue through the fall. The analyst sais structured finance is also finding a footing and combed with some expense flexibility to support a potential issuance drop-off, believes shares have near-term attractive risk/reward. Gardiner rates Moody's a Hold with a $117 price target.
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