Skip to Content
MarketWatch

Moody's lowered to hold at Deutsche Bank as analysts see less upside

Moody's (MCO) was downgraded to hold from buy at Deutsche Bank as part of a broader look at information services companies after earnings season. The broker left its price target on Moody's unchanged, but said its price target represents a 60% premium to market multiples, while historically Moody's trades at a 30% premium. Moody's shares ended Tuesday with a 0.7% decline and the stock has dropped 20.5% this year. The broker also kept its ratings of FactSet Research Systems (FDS) and MSCI (MSCI) at hold.

-Steve Goldstein

 

(END) Dow Jones Newswires

08-10-22 0340ET

Copyright (c) 2022 Dow Jones & Company, Inc.