Morgan Stanley analyst Toni Kaplan maintained a Buy rating on S&P Global (SPGI – Research Report) today and set a price target of $600.00.
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Toni Kaplan has given his Buy rating due to a combination of factors including the overall strength of S&P Global’s business model and market position. Despite a slowdown in global credit issuance in January, the company showed resilience with solid issuance activity in both high-yield and leveraged loans. The ability to maintain a robust level of activity amid challenging market conditions highlights the company’s adaptability and strong operational capabilities.
Furthermore, S&P Global’s extensive market reach and diversified service offerings contribute to its competitive advantage, making it a favorable investment choice. The company’s performance, even under difficult market circumstances, supports the confidence in its potential for sustained growth and profitability. These factors collectively underpin Kaplan’s positive outlook and Buy rating for S&P Global’s stock.
Kaplan covers the Industrials sector, focusing on stocks such as Waste Management, Cintas, and BrightView Holdings. According to TipRanks, Kaplan has an average return of 3.0% and a 57.14% success rate on recommended stocks.
In another report released today, Barclays also maintained a Buy rating on the stock with a $610.00 price target.