Morgan Stanley analyst Toni Kaplan raised the firm’s price target on S&P Global (SPGI) to $510 from $500 and keeps an Overweight rating on the shares. The firm expects both Moody’s (MCO) and S&P to beat Street estimates given the strong issuance in the quarter, as well as Index upside at S&P. The firm is raising its 2024 revenue and adjusted EPS estimates for S&P by 1% and 2%, respectively, and for Moody’s by 2% each, the analyst noted.
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