MCO - Moody's: Rating Agency Gets Re-Rated Itself
2024-02-15 17:47:15 ET
Summary
- Moody's Corporation shares saw a plunge after the Q4 earnings release, as high valuations and soft 2024 earnings per share guidance disappointed investors.
- The company has made a comeback since the 2008 financial crisis, but higher interest rates have put pressure on results over the past two years.
- Moody's is a profitable and diversified business, but the demanding valuations and cautious outlook make investors cautious.
Shares of Moody's Corporation ( MCO ) saw a plunge in the wake of the fourth quarter earnings release . MCO shares have long commanded premium valuations, meaning that shares were priced for near perfection....
Moody's: Rating Agency Gets Re-Rated Itself