S&P Global price target raised to $587 from $557 at Clear Street

Clear Street analyst Owen Lau raised the firm’s price target on S&P Global to $587 from $557 and keeps a Buy rating on the shares following “a beat-and-raise quarter” in Q3. The upcoming analyst day on November 13 – at which the firm expects management to update on medium/long term financial guidance, strategy and growth drivers, and further simplification of business models – will be an catalyst, the analyst tells investors.