BMO Capital raised the firm’s price target on S&P Global (SPGI) to $567 from $532 and keeps an Outperform rating on the shares. The company reported a large beat relative to consensus despite many analysts raising estimates on issuance strength ahead of the print, though this was “widely understood” given Moody’s (MCO) earlier print and the intraquarter debt issuance data, with the stock trading “flattish” on the result, 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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