Morgan Stanley lowered the firm’s price target on S&P Global (SPGI) to $587 from $600 and keeps an Overweight rating on the shares. The firm expects a “light” Q1 print following soft credit issuance in the quarter and is lowering its Q1 EPS forecast by 3% while lowering its Q1 Ratings revenue growth estimate to 1%. The firm expects both S&P and Moody’s (MCO) to lower Ratings revenue guidance, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPGI:
- S&P Global: Resilient Growth and Strategic Positioning Amidst Market Challenges
- S&P Global: Strong Growth Metrics and Strategic Positioning Drive Buy Rating
- S&P Global initiated with an Outperform at Mizuho
- Moody’s initiated with a Neutral at Mizuho
- Monday’s ‘Bloodbath’: Stock Market Sell-Off Sparks Recession Fears