Analyst Jeffrey Silber of BMO Capital maintained a Buy rating on S&P Global (SPGI – Research Report), retaining the price target of $590.00.
Jeffrey Silber has given his Buy rating due to a combination of factors including the positive growth metrics and strategic positioning of S&P Global. The company reported a 6% year-over-year increase in billed issuance for February, reversing the decline from January, and aligning with expectations for low-single-digit growth in 2025. This improvement in issuance metrics, alongside a strong performance in March, suggests a robust outlook for the company’s ratings revenue.
Additionally, S&P Global’s Indices segment showed a 7% year-over-year increase in average daily contract value, consistent with previous trends and supporting expectations for 8%-10% revenue growth in this segment for 2025. The company’s diversified portfolio, bolstered by its merger with IHS Markit, further strengthens its market position and reduces reliance on debt issuance, making it an attractive investment opportunity.