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JPMorgan Cuts Price Target on Moody’s (MCO)

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.

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 Nasdaq, Inc.

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

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