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Fly News Breaks for February 13, 2020
MCO
Feb 13, 2020 | 08:41 EDT
BMO Capital analyst Jeffrey Silber raised his price target on Moody's to $294 and kept his Outperform rating after its Q4 earnings beat, driven by the higher than expected Moody's Investors Service revenue growth of 18% and double-digit growth of its Moody's Analytics organic revenues. The analyst adds that the company's management remains relatively cautious on the issuance outlook, even though it expects the growth of credit data feeds and compliance solutions to produce stronger growth in 2020.
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