Moody's (MCO) secular growth trends are intact despite near-term macroeconomic difficulties, RBC Capital Markets said in a note Monday.
Citing Moody's Chief Financial Officer Noemie Heuland, RBC said lending solutions, know-your-customer, insurance risk platforms and private credit continue to be strong.
"Additionally, the shift toward solution-based selling presents significant cross-sell opportunities within banking, as it enables holistic, end-to-end solutions," the note said.
RBC also said that separately, corporate has "meaningful" growth potential that has yet to be tapped.
RBC maintained the company's outperform rating and $550 price target.
Shares of Moody's were up 1.7% in recent trading Tuesday.
Price: 477.53, Change: +7.88, Percent Change: +1.68
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