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Benchmark Analysts Raise Price Target for Moody’s Corporation (MCO)

By Dividend.com,  November 19, 2012, 09:07:36 AM EDT

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 .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: MCO



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