Morgan Stanley analyst Toni Kaplan maintains $S&P Global (SPGI.US)$ with a buy rating, and adjusts the target price from $564 to $570.
According to TipRanks data, the analyst has a success rate of 58.4% and a total average return of 3.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $S&P Global (SPGI.US)$'s main analysts recently are as follows:
The analyst notes a significant 38% year-over-year increase in aggregate Q3 issuance, prompting a revision of Q3 ratings revenue growth forecasts to 25% and an increase in 2024 revenue and adjusted EPS estimates. The strong issuance in the quarter, coupled with index performance, leads to expectations that both companies in the ratings sector will surpass street estimates.
Estimates for S&P Global have been increased, largely due to the anticipated continuation of strong issuance, which is expected to extend into 2025.
Note:
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