Raymond James turns cautious on credit rating names ahead of earnings

McGraw Hill Financial (MHFI) and Moody's (MCO) are both cut to Market Perform from Outperform at Raymond James, the team citing pricey valuations ahead of Q2 earnings for their caution.

Both have had big runs, MHFI up 50% and MCO up 47% on a year-over-year basis.

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