S&P Global price target raised to $400 from $380 at Argus

Argus analyst John Eade raised the firm’s price target on S&P Global to $400 from $380 and keeps a Buy rating on the shares. The stock has outperformed the market over the past quarter, and Argus sees the company’s double-digit earnings growth rate returning this year, the analyst tells investors in a research note. Argus further cites S&P Global’s "transparent" management team and a record of consistently "under-promising and over-delivering" on financial results, adding that the company should be able to navigate the difficult inflation and high interest rate environment as well.