S&P Global price target raised to $380 from $365 at Argus

Argus analyst John Eade raised the firm’s price target on S&P Global to $380 from $365 and keeps a Buy rating on the shares. Having put the finishing touches on a multi-year restructuring, the company is now focused on its faster-growing financial businesses, including the "lucrative and not-very-competitive" business of rating bonds as well as passive investments based on its S&P indices, the analyst tells investors in a research note. Eade further cites S&P’s "transparent" management team and a track record of consistently "under-promising and over-delivering" on financial results.