Joby Aviation closes $591 million stock offering with full underwriter option
Investing.com - Morgan Stanley raised its price target on S&P Global (NYSE:SPGI) to $620.00 from $615.00 on Thursday, while maintaining an Overweight rating on the stock.
The firm views S&P Global as a leading information services provider with a unique position to expand in high-growth areas compared to its peers.
Morgan Stanley expressed bullishness on S&P Global, citing its portfolio diversification, margin execution, and strong capital-return profile that returns 85% of free cash flow.
The research note highlighted S&P Global’s high-quality assets and potential for low-teens EPS growth, describing the rating agencies as "strong compounders" that are attractive for long-term investment.
According to Morgan Stanley’s analysis, S&P Global is currently trading at 22x 2026 levered price-to-free-cash-flow, which is 2 turns below subscription-based peers excluding CLVT and 6 turns below MCO.
In other recent news, S&P Global announced that Catherine Clay will take over as CEO of S&P Dow Jones Indices starting November 1, 2025, succeeding Dan Draper, who will transition to a Special Advisor role. Clay’s previous role was Executive Vice President and Global Head of Derivatives at Cboe Global Markets. In addition, Seaport Global Securities has initiated coverage on S&P Global with a Buy rating, setting a price target of $540.00. The firm highlighted S&P Global’s strong market position across its business segments. Meanwhile, the UK services sector saw a slowdown in growth for September, with the S&P Global UK Services PMI Business Activity Index dropping to 50.8, indicating modest expansion. Similarly, Kuwait’s non-oil private sector growth slowed to a one-year low, with the PMI falling to 52.2 in September. Poland’s manufacturing sector showed signs of improvement, with the PMI rising to 48.0, marking the highest level since April, although it remains below the neutral threshold.
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