S&P Global (SPGI) PT Raised to $390 at BMO Capital Following Investor Meetings

BMO Capital analyst Jeffrey Silber raised the price target on S&P Global (NYSE: SPGI) to $390.00 (from $375.00) while maintaining a Outperform rating following virtual investor meeting. Despite investor fears of "pull-forward", Silber believes trends to date suggest outperformance relative to 2H20 expectations.

The meetings provided greater comfort in BMO Capital's 2020 estimates, which remain above guidance and near the Street high. BMO Capital raised their target price assuming stable multiples with current levels.

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