Analyst Jason Haas CFA of Wells Fargo maintained a Buy rating on S&P Global (SPGI – Research Report), retaining the price target of $633.00.
Jason Haas CFA has given his Buy rating due to a combination of factors, primarily focusing on S&P Global’s strategic move to optimize its portfolio through the sale of OSTTRA. This transaction, although slightly dilutive to the company’s estimated 2026 earnings per share, is seen as a positive step towards simplifying the business structure.
The sale of OSTTRA to KKR for $3.1 billion, with proceeds split between S&P Global and CME Group, is expected to facilitate share buybacks, enhancing shareholder value. Despite the modest dilution, the strategic divestment aligns with investor interests in streamlining operations, potentially narrowing the valuation gap with peers like Moody’s. The price target remains at $633, reflecting confidence in the company’s future performance.
According to TipRanks, Haas CFA is ranked #637 out of 9350 analysts.
In another report released today, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $599.00 price target.