KBW Maintains Market Perform on Moody's

KBW is out with its report today on Moody's MCO, maintaining Market Perform. In a note to clients, KBW writes, "We are lowering our 2Q11 EPS estimate to $0.59 from $0.61 on less robust capital markets activity in the quarter compared to our original expectations. Our estimates for the second half of the year are unchanged, bringing our 2011 estimate to $2.35 from $2.38. Our 2012 estimates remain unchanged. We keep our $39 price target and our Market Perform rating." Shares of MCO closed Wednesday at $36.48.