TSX drops after Canadian index edges higher in prior session
Investing.com - BMO Capital lowered its price target on S&P Global (NYSE:SPGI) to $538.00 from $558.00 on Friday, while maintaining an Outperform rating on the stock.
The financial services company reported third-quarter 2025 results that exceeded expectations, with strong performance in both revenue and earnings. BMO Capital noted that the Ratings and Indices segments were primary contributors to the outperformance relative to their estimates. This continues S&P Global’s strong financial trajectory, with revenue growth of 10.73% over the last twelve months and a healthy gross profit margin of 69.56%.
S&P Global raised its full-year 2025 guidance, specifically citing strength in its Ratings, Mobility, and Indices businesses as drivers for the improved outlook.
The company continues to restructure its portfolio, announcing pending divestitures of its Enterprise Data Management (EDM) and thinkFolio businesses.
BMO Capital raised its estimates for S&P Global but reduced its price target to reflect "more current multiples" in its valuation methodology.
In other recent news, S&P Global Inc. reported its third-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $4.73, which was higher than the anticipated $4.38. Additionally, S&P Global’s revenue exceeded predictions, reaching $3.89 billion compared to the expected $3.81 billion. These results highlight the company’s strong performance and have been well-received by investors. The positive earnings report was reflected in the stock’s pre-market trading activity, although specific stock movements are not detailed here. These developments are part of the latest updates concerning S&P Global Inc.
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