Argus analyst John Eade raised his price target on Moody's to $190 and kept his Buy rating after a Q4 earnings beat, with results benefiting from the recent acquisition of Bureau van Dijk. The analyst is positive on the company's position to benefit from the "secular trends of global GDP growth and debt market disintermediation", along with opportunities to develop new products, raise margins, and grow through targeted acquisitions. Eade believes the valuation on Moody's is attractive relative to peers, with expected FY18 PE of 20.6-times vs. group range of 18-29-times.