Citi initiated coverage of S&P Global with a Buy rating and $600 price target The firm sees continued markets strength, driven by the easing Federal Reserve and near all-time tight spreads, as well as an expected $4.9 trillion “refunding wall” over the next four years. The analyst expects continued momentum for S&P with commodities, ratings, and indices given “conducive” market conditions, while mobility nears lapping recall-related headwinds from 2023. The shares offer “multiple ways to win,” the analyst tells investors in a research note.
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