Bank of America analyst Joshua Dennerlein has resumed coverage of Moody’s (MCO, Financial), assigning a Buy rating and setting a target price of $530. This optimistic outlook highlights the company's strong network effect and substantial operating leverage.
Dennerlein emphasizes that Moody’s Analytics is a key growth driver that may be underappreciated by the market. The analyst believes that this segment has the potential to significantly boost Moody's overall performance, reinforcing the positive stance on its stock.
