Stifel analyst Shlomo Rosenbaum maintains $S&P Global (SPGI.US)$ with a buy rating, and adjusts the target price from $540 to $560.
According to TipRanks data, the analyst has a success rate of 60.1% and a total average return of 8.6% 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:
S&P Global has seen underperformance subsequent to Q3 results despite solid performance in most segments and an upward revision in guidance. This was eclipsed by a less than stellar quarter for Market Intelligence, which, despite only contributing to 20%-25% of operating income, was anticipated to bolster growth due to the IHS Markit acquisition and expected synergies. With a change in leadership, there is optimism for enhanced performance even under challenging conditions, and the diverse nature of the business is seen as favorable for attractive earnings growth in the upcoming year, with additional potential yet to be realized.
The 'strong' Q3 outperformance of S&P Global was primarily fueled by the Ratings business, which benefited from robust debt issuance volumes. This was supplemented by solid Indices results. Post-earnings observations have led to an increase in Q4 and 2025 estimates for the company.
S&P Global's beat to consensus was significant despite anticipatory positive adjustments to earnings. However, the well-recognized strength in issuance led to a sell-off in the stock due to the forward-looking dynamic affecting Ratings in the forthcoming year.
Note:
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