Stifel cuts Moody’s stock price target on weaker quarter results

Stifel has lowered its price target for Moody's Corp (MCO) to $537 from $550, while maintaining a Buy rating, following weaker-than-expected third-quarter financial results. Despite the misses in earnings and revenue, Stifel views the overall business trajectory as stable, with analysts revising earnings upwards for the upcoming period. InvestingPro data suggests the stock is currently undervalued, with potential for a 16% upside.