RSS
Benchmark Analysts Raise Price Target for Moody’s Corporation (MCO)
On Monday analysts at Benchmark raised the price target for credit rating provider Moody’s Corporation (MCO
).
The analysts said they now see Moody’s price reaching $52. The new target is a +15.6% upside to Friday’s closing price of $45.
The firm also boosted the estimates for MCO due to strength in bond issuance. They maintain a “Buy” rating for Moody’s.
Moody’s shares were up 38 cents, or +0.84%, in premarket trading on Monday.
The Bottom Line
Shares of Moody’s Corporation (MCO) have a 1.42% dividend yield, based on Friday’s closing stock price of $45.00. The stock has technical support in the $40-$42 price area. If the shares can firm up, we see overhead resistance around the $48-$50 price levels.
Moody’s Corporation (MCO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
FREE Dividend Stock Newsletter
Get the Dividend.com email newsletter to receive:
- A free copy of our acclaimed report, 5 Rules of Winning Dividend Stock Investing
- Free daily investing tips and picks from Dividend.com CEO Paul Rubillo
- Tons of great market analysis and recommendations
MOST POPULAR ARTICLES ON DIVIDEND.COM
ABOUT THIS ARTICLE
THE BEST DIVIDEND STOCKS
Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the 
ADVERTISING PARTNERS
