Morgan Stanley analyst Toni Kaplan raised the firm’s price target on S&P Global (SPGI) to $510 from $500 and keeps an Overweight rating on the shares. The firm expects both Moody’s (MCO) and S&P to beat Street estimates given the strong issuance in the quarter, as well as Index upside at S&P. The firm is raising its 2024 revenue and adjusted EPS estimates for S&P by 1% and 2%, respectively, and for Moody’s by 2% each, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPGI:
- S&P Dow Jones Indices Reports U.S. Common Indicated Dividend Payments Increase $16.0 Billion in Q2 2024 Driven by Alphabet Initiation
- S&P Global price target raised to $486 from $482 at Oppenheimer
- S&P Global Announces New CEO and Leadership Changes
- S&P Global CEO Peterson to retire, Cheung named president and CEO
- S&P Global Declares Third Quarter Dividend
Questions or Comments about the article? Write to editor@tipranks.com