Wells Fargo initiated coverage of S&P Global with an Overweight rating and $575 price target. S&P Global has already overachieved on cost synergies, and is ahead on revenue synergies with NPIs expected to contribute more meaningfully in the second half of 2024 and into 2025, the analyst says. The firm also expects S&P to capitalize on ramping debt maturities, currently peaking in 2028, as a leading credit rating agency.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 Global added to US Conviction List at Goldman Sachs
- S&P Global price target raised to $567 from $532 at BMO Capital
- S&P Global price target raised to $540 from $535 at Stifel
- S&P Global price target raised to $536 from $491 at Baird
- S&P Global price target raised to $552 from $500 at RBC Capital