Stifel has adjusted its outlook on Moody's Corporation (MCO, Financial), reducing the price target from $533 to $468 while maintaining a Hold rating on the shares. This decision follows Moody's first-quarter performance, which was described as strong. However, recent fluctuations in the financial markets have negatively impacted issuance activities, particularly in April, and have introduced a level of unpredictability going forward.
In response to these market challenges, Stifel has also revised its financial projections for Moody's, lowering its 2025 estimates. The adjustment reflects the current downturn in issuance activity and anticipates that this trend will persist throughout the year, making it less favorable than initially anticipated.
