Thu Oct 03 13:56:52 UTC 2024: ## Moody’s Stock Upgraded by Oppenheimer, Analysts Remain Bullish

**New York, NY -** Moody’s Corporation (NYSE:MCO) saw its price target hiked by analysts at Oppenheimer to $536.00, representing a potential upside of 14.07% from the company’s last close. This follows a string of positive research reports from other investment firms, although some analysts remain cautious.

Oppenheimer currently has an “outperform” rating on Moody’s, signaling a bullish outlook for the business services provider. The recent price target increase follows a similar move by Royal Bank of Canada, who upgraded their target to $475.00. However, BMO Capital Markets downgraded Moody’s from “outperform” to “market perform” and lowered their target to $455.00.

Despite these mixed opinions, the overall consensus rating for Moody’s remains “Moderate Buy” with a consensus price target of $483.85, according to MarketBeat.

Moody’s most recent quarterly earnings report, released on July 23rd, exceeded analysts’ expectations. The company reported earnings per share of $3.28, surpassing the consensus estimate of $3.06. Revenue also came in higher than expected, reaching $1.82 billion compared to the anticipated $1.72 billion.

While some insider trading activity has been reported, institutional investors remain confident in Moody’s, with 92.11% of the stock currently owned by them. Notable recent investments include PineStone Asset Management Inc. who increased their stake by 133.9% during the second quarter, and Bank of New York Mellon Corp, who boosted their position by 8.4% during the same period.

Moody’s, an integrated risk assessment firm, operates through two segments: Moody’s Analytics and Moody’s Investors Services. The company provides a range of products and services supporting risk management activities for institutional players within financial markets.

**Disclaimer:** This news article is based on publicly available information and should not be interpreted as financial advice. Investors are advised to conduct their own research before making any investment decisions.

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