Morgan Stanley analyst Toni Kaplan has maintained their bullish stance on SPGI stock, giving a Buy rating on April 4.
Toni Kaplan has given his Buy rating due to a combination of factors that reflect both current market conditions and future expectations for S&P Global. Despite a softer credit issuance environment in the recent quarter, which led to a slight reduction in earnings per share estimates, Kaplan believes that S&P Global’s strategic positioning and pricing power will support its growth. The company’s ability to maintain a positive revenue trajectory, even amidst challenging macroeconomic conditions, underscores its resilience and potential for long-term value creation.
Kaplan also highlights the company’s guidance for ratings revenue growth, which, although slightly tempered, still indicates a positive outlook. The decision to maintain an ‘Overweight’ rating for S&P Global is based on its robust market position and the expectation that it will continue to capitalize on its strengths in the evolving financial landscape. This confidence is reflected in the adjusted price target, which, while lowered, still suggests significant upside from current levels.
According to TipRanks, Kaplan is a 3-star analyst with an average return of 1.5% and a 54.82% success rate. Kaplan covers the Industrials sector, focusing on stocks such as Republic Services, Cintas, and Thomson Reuters.
In another report released on April 4, Oppenheimer also maintained a Buy rating on the stock with a $572.00 price target.