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S&P Global price target raised to $615 from $595 at Morgan Stanley

Morgan Stanley raised the firm’s price target on S&P Global to $615 from $595 and keeps an Overweight rating on the shares. Better than expected revenue and margin in the quarter led S&P to beat consensus on revenue, adjusted EBITDA, and adjusted EPS, notes the analyst, who also notes the company raised its total organic revenue growth outlook and earnings guidance. Margin guidance “looks conservative,” which could set up S&P for beats in coming quarters, the analyst added.

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