Benchmark Raises Price Target On Moody's Corp.

In a report published by Benchmark, Moody's Corporation MCO price target is raised to $34.

Benchmark said that bond issuance trends have carried over from 2H10, resulting in better than expected issuance levels during 1Q11. “As a result, we have increased our 1Q11 estimates and increased our price target by $1 to $34. We maintain our Buy rating.”

Moody's Corporation closed yesterday at $31.68.