BMO Capital analyst Jeffrey Silber raised the firm’s price target on S&P Global to $590 from $576 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company reported a large beat despite positive revisions into the print, and while S&P is still lapping cancellations in the first half of FY25, management painted a more positive picture of Market Intelligence segment given gradual end-market improvement and ACV/retention improvement in Q4, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPGI:
- S&P Global: Strong Financial Performance and Diversified Growth Potential Justify Buy Rating
- S&P Global price target raised to $616 from $571 at Baird
- S&P Global’s Resilience and Competitive Edge Justify Buy Rating
- S&P Global Announces Strong 2024 Financial Results
- S&P Global’s Strong 2024 Earnings Amid Challenges
Questions or Comments about the article? Write to editor@tipranks.com