S&P Global price target raised by $5 at Deutsche Bank, here’s why

Deutsche Bank raised the firm’s price target on S&P Global to $493 from $488 and keeps a Buy rating on the shares. The analyst says rate-sensitive business and information services stocks have meaningfully outperformed over the last six weeks as the market has gotten more comfortable with a peak rates narrative. This outperformance does not fully reflect the fundamental earnings upside that some names in the group are likely to see, even if that upside may not manifest itself until 2025 and beyond, the analyst tells investors in a research note.