S&P Global price target raised to $520 from $500 at Barclays

Barclays raised the firm’s price target on S&P Global to $520 from $500 and keeps an Overweight rating on the shares. The analyst believes Street estimates are underestimating the potential revenue uplift for the credit rating agencies. Both Moody’s and S&P Global have enough earnings upside and look attractive when putting a normal multiple on normalized earnings, the analyst tells investors in a research note. The firm still prefers shares of S&P Global to Moody’s.