S&P Global (SPGI – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Dennis Lam from DBS maintained a Buy rating on the stock and has a $570.00 price target.
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Dennis Lam has given his Buy rating due to a combination of factors including S&P Global’s strong brand reputation and its influential role in the financial markets. The company is renowned for its credit ratings and indices, providing high-quality data and comprehensive analytics that are essential for investors and financial analysts. Its global presence and widespread use of its analyses and ratings offer a competitive advantage in shaping global financial markets.
Additionally, S&P Global’s robust financial position and growth outlook are supported by its dominant market position and diversified service portfolio. The company consistently demonstrates strong revenue streams and high profitability margins, reflecting efficient operations and strong demand for its products. Furthermore, S&P Global’s commitment to innovation and technology advancement ensures it remains at the forefront of financial information services, maintaining high standards for data accuracy and integrity.
According to TipRanks, Lam is a 4-star analyst with an average return of 17.8% and a 71.43% success rate. Lam covers the Financial sector, focusing on stocks such as Hong Kong Exchanges & Clearing, S&P Global, and Futu Holdings.
In another report released on May 30, Wells Fargo also maintained a Buy rating on the stock with a $627.00 price target.
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