S&P Global Inc (SPGI) Receives a Rating Update from a Top Analyst


Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on S&P Global Inc (SPGI) today and set a price target of $217. The company’s shares closed yesterday at $219.45, close to its 52-week high of $222.

Foresi wrote:

“. We maintain our Overweight rating on SPGI and our PT of $217*. SPGI reported quarterly top-line results below Street expectations and missed on bottom line. S&P saw declines in the Ratings business due to FX and lower debt issuance in the quarter. We look to the earnings call for color on expectations for the issuance business, other business lines, and the margin profile.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 22.4% and a 88.6% success rate. Foresi covers the Technology sector, focusing on stocks such as International Business Machines Corporation, Jack Henry & Associates, and Fidelity National Info.

Currently, the analyst consensus on S&P Global Inc is a Moderate Buy with an average price target of $218.88.

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The company has a one-year high of $222 and a one-year low of $156.68. Currently, S&P Global Inc has an average volume of 1.1M.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.

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S&P Global, Inc. engages in the provision of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through the following segments: Ratings, Market Intelligence, Platts and Indices.

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