S&P Global price target raised to $406 from $405 at Oppenheimer

Oppenheimer raised the firm’s price target on S&P Global to $406 from $405 and keeps an Outperform rating on the shares. S&P Global reported strong Q1 results, driven by higher revenue from Commodity Insights, MI and Ratings, partially offset by higher expenses, the analyst tells investors in a research note. The competitive advantage of S&P Global has increased with more implementation and commercialization of Kensho, the firm contends.