Mizuho has adjusted its price target for Moody's Corporation (MCO, Financial), reducing it from $504 to $491, while maintaining a Neutral rating following the recent first-quarter report. Despite facing a challenging issuance market in the past few months, Moody's achieved revenue growth that surpassed expectations.
According to Mizuho's analysis, the company is performing effectively in the current economic climate, which is marked by volatility. However, the investment firm suggests that the current stock value already reflects this solid execution, considering the ongoing macroeconomic uncertainties.
