BMO Lowers Moody's Price Target to $480, Cites Sector Multiple Compression Despite Strong Results
BMO Capital reduced its price target on Moody's Corporation to $480 from $561 while keeping a Market Perform rating. The firm raised its financial estimates after Moody's reported stronger-than-expected results, but trimmed the target due to multiple compression in the sector. Management provided 2026 growth guidance and flagged AI-related opportun…