S&P Global (SPGI) PT Raised to $196 at Cantor Fitzgerald Following 4Q
Cantor Fitzgerald raised its price target on S&P Global (NYSE: SPGI) to $196.00 (from $190.00) while maintaining a Overweight rating following the company's 4Q earnings report. SPGI reported quarterly top-line results well-above expectations, with strong Ratings revenues. The margin expansion story appears to be in place, with solid expansion in 4Q17.
Total revenue was $1,589 mn, vs. FactSet consensus of $1,497 mn. EPS were $1.85, up 44.5% y/y, vs. the consensus of $1.61. Management issued 2018 revenue guidance of mid-single-digit growth. 2018 EPS expectations are at $8.45-8.60, with a projected ~$1.00 boost from tax reform.