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Moody’s Corporation (NYSE:MCO) announced Monday that Lloyd W. Howell, Jr. has resigned from its board of directors, effective immediately. The company stated that Mr. Howell’s departure was not the result of any disagreement with Moody’s operations, policies, or practices.
The announcement was made in a press release statement included in a filing with the U.S. Securities and Exchange Commission. No additional details regarding a replacement or future board changes were provided in the filing. For a deeper understanding of Moody’s financial position and growth prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Moody’s Corporation reported a robust quarter with Ratings revenue surpassing expectations, although the company revised its full-year 2025 guidance downward due to economic factors such as lower GDP growth forecasts and widening spreads. Mizuho (NYSE:MFG) raised its price target for Moody’s to $496, citing improved issuance volumes and a positive outlook for the Moody’s Analytics division. In a strategic move, Moody’s completed the acquisition of Chile’s ICR rating agency, which will be integrated into Moody’s Local, enhancing its presence in Latin America. Meanwhile, RBC Capital Markets maintained an Outperform rating with a $550 price target, highlighting Moody’s resilience and potential for growth in sectors like Lending Solutions and Insurance Risk Platforms.
Conversely, BMO Capital Markets adjusted its price target to $456, reflecting a cautious stance following Moody’s revised issuance guidance and market conditions. Oppenheimer also lowered its price target to $489 while maintaining an Outperform rating, acknowledging a strong earnings report but adjusting for revised guidance amid economic uncertainties. These developments underscore Moody’s strategic initiatives and the mixed analyst outlooks, which reflect both optimism and caution about the company’s future performance.
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