BMO Capital Reiterates Outperform Rating on S&P Global (SPGI)

BMO Capital analyst Jeffrey Silber reiterated an Outperform rating and $537.00 price target on S&P Global (NYSE: SPGI).

The analyst commented, "Billed issuance rose 51% y/y in August, following July's record 124% y/y increase. In addition, BMO Fixed Income data indicates September IG issuance of $185bn was the eighth largest month in the history of the IG market. As such, we believe 3Q24 debt issuance will likely be better than expected. BMO Fixed Income strategists project IG issuance of $91bn in October, slightly lighter than the historical mean since 2016 of $95bn, though actuals have exceeded estimates in recent months."

For an analyst ratings summary and ratings history on S&P Global click here. For more ratings news on S&P Global click here.

Shares of S&P Global closed at $516.62 yesterday.

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