Seaport Research initiated coverage of S&P Global (SPGI) with a Buy rating and $540 price target. The company has a “dominant position” in the credit rating space, sharing the majority of the market with Moody’s (MCO), notes the analyst, who sees the stock’s relative valuation providing an “attractive entry point.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 partners with NewVest to expand private market offerings
- TipRanks 50 Index Spotlights Wall Street Dark Horses BUD, SPGI, and BA
- S&P Global price target raised to $661 from $660 at Wells Fargo
- FactSet price target lowered to $296 from $355 at Wells Fargo
- JPMorgan tech/financial analysts hold an analyst/industry conference call