Baird Starts S&P Global (SPGI) at Outperform
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
Baird analyst Jeffrey Meuler initiates coverage on S&P Global (NYSE: SPGI) with a Outperform rating and a price target of $437.00.
The analyst comments "SPGI is a diversified portfolio of extremely high-quality businesses. SPGI-INFO has broad growth drivers we believe will create financial results that look like a growing annuity. SPGI has a best-in-class margin expansion track record, and pro-forma SPGI-INFO appears to have ample margin expansion potential. Repurchases should also be significant given FCF and a substantially underleveraged balance sheet at merger close. Net, should have several years of amplified EPS growth following merger close."
Shares of S&P Global closed at $383.93 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Credit Suisse Starts Desktop Metal Inc. (DM) at Neutral
- FedEx (FDX) Price Target Raised at Barclays on Strong Results Expectations
- UPDATE: Stephens Starts Sunnova (NOVA) at Overweight, 'Expect Future Market Share Capture'
Create E-mail Alert Related CategoriesAnalyst Comments, New Coverage
Related EntitiesRobert W Baird, Standard & Poor's, Earnings, Definitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!