S&P Global price target raised to $627 from $607 at Wells Fargo

Wells Fargo analyst Jason Haas raised the firm’s price target on S&P Global to $627 from $607 and keeps an Overweight rating on the shares. The firm notes the company delivered a strong Q1 ahead of expectations and cut guidance in-line with Street to reflect weaker issuance expectations and lower equity market levels. Wells remains bullish on issuance over the medium and long term.