Credit ratings agency Moody's Corporation ( MCO ) on Friday saw its price target lowered by analysts at JPMorgan.
The firm said it cut its target on MCO from $44 to $42 but maintained its Overweight rating. That new target implies a potential 40% upside to the stock's Thursday closing price of $30.08.
Moody's shares, which have risen more than 13% year-to-date, were mostly flat in premarket trading Friday.
The Bottom Line
Shares of Moody's ( MCO ) have a 1.86% dividend yield, based on last night's closing stock price of $30.08. The stock has technical support in the $27-$28 price area. If the shares can firm up, we see overhead resistance around the $32-$34 price levels.
Moody's Corporation ( MCO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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