BMO Capital lowered the firm’s price target on S&P Global to $480 from $489 but keeps an Outperform rating on the shares. The company’s Q4 earnings miss was due to weaker-than-expected margins, though the segment commentary was broadly similar to Q3’s underlying trends, with Ratings segment recovery, Commodity Insights/Mobility strength, and Market Intelligence headwinds, the analyst tells investors in a research note. Initial FY24 guidance was a bit below expectations, mainly attributable to some heavier-than- expected expenses, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SPGI: