Wolfe Research analyst Scott Wurtzel initiates coverage on $S&P Global (SPGI.US)$ with a buy rating, and sets the target price at $600.
According to TipRanks data, the analyst has a success rate of 100.0% and a total average return of 28.5% 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:
Aggregate Q3 issuance saw a 38% increase compared to the previous year, prompting an upward revision of Q3 ratings revenue growth forecasts to 25%, as well as higher revenue and adjusted EPS projections for 2024. It is anticipated that both major credit rating agencies will surpass street estimates due to the robust issuance during the quarter, along with additional positives in the Index sector.
The firm is adjusting its projections for the company, largely to account for benefits arising from robust issuance activity, which is anticipated to continue into 2025.
Note:
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