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Investor Alert

Aug. 10, 2022, 3:40 a.m. EDT

Moody's lowered to hold at Deutsche Bank as analysts see less upside

Moody's (NYS:MCO) was downgraded to hold from buy at Deutsche Bank as part of a broader look at information services companies after earnings season. The broker left its price target on Moody's unchanged, but said its price target represents a 60% premium to market multiples, while historically Moody's trades at a 30% premium. Moody's shares ended Tuesday with a 0.7% decline and the stock has dropped 20.5% this year. The broker also kept its ratings of FactSet Research Systems (NYS:FDS) and MSCI (NYS:MSCI) at hold.

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