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Fly News Breaks for May 30, 2018
MCO
May 30, 2018 | 09:19 EDT
BMO Capital analyst Jeffrey Silber raised his price target on Moody's to $179 after his meetings with the management, saying he has a better understanding of its strategy longer-term as well as the current trends. Silber views Moody's as one of the "best-run" information services, with added diversification and growth opportunities coming from the recent Bureau van Dijk acquisition. The analyst also states that the management "did a good job" outlining reasons for continued growth at Moody's Investors Services despite the slowing credit issuance environment but keeps a Market Perform rating on the stock.
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