Piper Jaffray Increases Price Target On MCO And MHP

Piper Jaffray, based upon the strong end to first quarter issuance volumes has raised the price target on both Moody's Corp. MCO and The McGraw Hill Companies MHP. Says Piper Jaffray, “For both companies we see a continuing positive bias in estimate revisions in the context of the healthy debt capital markets backdrop.” The price target for MCO has gone to $44 from $38 and MHP moves to $49 from $44. MCO closed yesterday at $35.41 and MHP at $39.58.