MCO - Moody's: Potential Growth Slowdown And Relatively High Valuation (Rating Downgrade)
2024-05-24 07:00:59 ET
Summary
- I downgraded MCO from a buy to a hold rating due to potential growth slowdown post FY24.
- MIS segment did really well, but I believe this comes at a cost.
- The valuation gap between MCO and its competitor S&P Global has widened, which makes MCO screens expensive given similar expected growth.