S&P Global price target lowered to $489 from $599 at Stifel

Stifel lowered the firm’s price target on S&P Global to $489 from $599 and keeps a Buy rating on the shares. While the quarter’s results and the 2026 guidance were lower than expected, the firm attributes most of the 9.7% decline in stock price to continued AI disruption fears, which is “a narrative that is tough to fight,” the analyst tells investors. While the firm views the market as overestimating the impact of potential AI-disruption on S&P’s business, it says it will be “tough to fight the narrative to regain the prior multiples in the near-term.”