RBC Capital Remains a Buy on Moody’s (MCO)
RBC Capital analyst Ashish Sabadra maintained a Buy rating on Moody’s on February 10 and set a price target of $610.00.
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Sabadra covers the Financial sector, focusing on stocks such as S&P Global, MSCI, and Nasdaq. According to TipRanks, Sabadra has an average return of 3.9% and a 55.71% success rate on recommended stocks.
Currently, the analyst consensus on Moody’s is a Strong Buy with an average price target of $586.50.
Based on Moody’s’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.01 billion and a net profit of $646 million. In comparison, last year the company earned a revenue of $1.81 billion and had a net profit of $534 million
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