Wolfe Research analyst Scott Wurtzel initiates coverage on $S&P Global (SPGI.US)$ with a buy rating, and sets the target price at $600.
According to TipRanks data, the analyst has a success rate of 54.5% and a total average return of 15.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $S&P Global (SPGI.US)$'s main analysts recently are as follows:
Q3 issuance saw a significant year-over-year increase of 38%, prompting revisions in Q3 ratings revenue growth estimates to 25%, as well as upward adjustments to 2024 revenue and adjusted EPS projections. It is anticipated that both major ratings agencies will surpass street estimates due to robust issuance figures for the quarter and additional positive factors at one of the agencies.
The firm is adjusting its projections for the company, primarily to account for the benefits from robust issuance that it anticipates will continue into 2025.
Note:
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