RBC Capital raised the firm’s price target on S&P Global (SPGI) to $552 from $500 and keeps an Outperform rating on the shares. The company beat elevated Issuance expectations post-Moody’s (MCO) results, Commodity Insights segment delivered another solid double-digit growth, and the EPS beat and raise was better than expected, though the slowdown in Market Intelligence segment growth to 5.9% from 6.4% in Q1 due to Financial Services weakness weighed on the stock, the analyst tells investors in a research note.
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Read More on SPGI:
- S&P Global Q2 2024 Earnings Report Overview and Projections
- S&P Global raises FY24 adjusted EPS view to $14.35-$14.60 from $13.85-$14.10
- S&P Global sees FY24 adjusted EPS $14.35-$14.60, consensus $14.33
- S&P Global Reports Second Quarter Results
- S&P Global reports Q2 adjusted EPS $4.04, consensus $3.65
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