S&P Global (SPGI) PT Raised to $589 at BMO Capital

BMO Capital analyst Jeffrey Silber raised the price target on S&P Global (NYSE: SPGI) to $589.00 (from $537.00) while maintaining an Outperform rating.

The analyst commented, "We are raising our estimates and target price on SPGI owing to a stronger-than-expected 3Q24 debt issuance. While management did not provide specific 3Q24 ratings guidance, it had said it expected a sequential slowdown in issuance from 2Q to 3Q to 4Q. Using SPGI's own billed issuance data for July and August, as well as other data, we believe the 3Q decline was not as much as expected."

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