Analysts are pulling back from the Services sector as 2 experts expressed today bearish sentiments on Moody’s Corp (MCO) and Saia Inc (SAIA).
Moody’s Corp (MCO)
In a report released today, Toni Kaplan from Morgan Stanley maintained a Sell rating on Moody’s Corp, with a price target of $176.00. The company’s shares closed last Monday at $206.61.
According to TipRanks.com, Kaplan is ranked 0 out of 5 stars with an average return of -6.5% and a 42.3% success rate. Kaplan covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Factset Research, and S&P Global Inc.
Currently, the analyst consensus on Moody’s Corp is a Moderate Buy with an average price target of $222.67.
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Saia Inc (SAIA)
In a report released today, Ravi Shanker from Morgan Stanley maintained a Sell rating on Saia Inc, with a price target of $57.00. The company’s shares closed last Monday at $91.11, close to its 52-week high of $97.59.
According to TipRanks.com, Shanker is a 3-star analyst with an average return of 1.8% and a 59.1% success rate. Shanker covers the Services sector, focusing on stocks such as Schneider National Inc, Echo Global Logistics, and Knight Transportation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Saia Inc with a $87.30 average price target.
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