MCO is trading at $427.97 (+3.1%) as cooling inflation data fuels broader market gains and increases expectations for a Federal Reserve rate cut.
- January CPI cooled to 2.4% YoY, coming in lower than anticipated and lifting major indices like the S&P 500 by 0.6%.
- Goldman Sachs lowered its price target for the stock to $532 but maintained its Buy rating.
- Positive market sentiment is being further bolstered by a rally in tech and AI-related sectors following the macro data release.