Moody's eyes 18% upside, following Jefferies buy rating and $610 target

Jefferies Financial Group initiated coverage on Moody's Corporation (NYSE: MCO) with a buy rating. The firm established a price target of $610.00. This target represents a potential upside of approximately 17.84%.

Nineteen analysts currently provide coverage for the stock. These analysts maintain a consensus Moderate Buy rating. The average 12-month price target from recent updates is $545.0556.

Moody's recently reported quarterly earnings of $4.33 per share. This figure surpassed consensus analyst estimates.