Mizuho analyst Sean Kennedy initiated coverage of S&P Global with an Outperform rating and $599 price target The credit rating agencies are among the highest-quality businesses with stable long-term growth rates, “strong moats, and enduring pricing power,” the analyst tells investors in a research note. The firm prefers S&P Global over Moody’s as it expects the “relative premium to converge closer to historical levels.” S&P’s Market Intelligence is “turning the corner” after softer growth in 2024, due to financial sector stabilization, and should meet its medium-term guidance of 7%-9% growth by 2026, contends Mizuho.
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