NEW YORK (TheStreet) -- Moody's (MCO) shares were downgraded to "market perform" from "outperform" by analysts at Raymond James (RJF), who also removed the company's $87 price target on Wednesday.
The credit ratings firm closed trading Tuesday at $89.06.
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TheStreet Ratings team rates MOODY'S CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MOODY'S CORP (MCO) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."