Clear Street cuts S&P Global target, says selloff overdone

Clear Street analyst Owen Lau lowered the firm’s price target on S&P Global to $499 from $616 and keeps a Buy rating on the shares. The company reported weaker than expected Q4 earnings and fiscal 2026 outlook, the analyst tells investors in a research note. The firm attributes the 10% post-earnings selloff to disappointment “from a company that typically delivers strong results and guidance, compounded by lingering concerns around AI-related disruption.” Clear views the selloff as overdone, saying it is s “sentiment-driven and disproportionate to the earnings risk” implied by S&P’s fiscal 2026 guidance.