Morgan Stanley raised the firm’s price target on S&P Global (SPGI) to $620 from $615 and keeps an Overweight rating on the shares. Strong issuance in the quarter, up 17%, drives the firm’s EPS estimates higher by 6% and 12% for S&P and Moody’s (MCO), respectively. The firm expects S&P and Moody’s to raise full-year guidance with Q3 results, the analyst tells investors in a preview.
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