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Investing.com - Stifel has raised its price target on S&P Global (NYSE:SPGI) to $625.00 from $603.00 while maintaining a Buy rating following the company’s quarterly results.
The research firm described the quarter as "solid overall," noting general outperformance across most business segments with particular improvement in Market Intelligence margins. This assessment aligns with broader analyst sentiment, as 13 analysts have recently revised their earnings estimates upward according to InvestingPro data.
Stifel believes S&P Global is taking an "appropriately conservative" approach to its second-half 2025 Ratings guidance, similar to the stance taken by Moody’s.
The firm indicated this conservative outlook likely accounts for potential market disruptions, suggesting there could be "upside potential" to the company’s guidance.
Stifel’s new $625 price target reflects current Information Services (NASDAQ:III) 2025 P/E and EV/EBITDA valuations applied to the firm’s 2026 estimates for S&P Global.
In other recent news, S&P Global reported second-quarter earnings that exceeded expectations, with revenue rising by 6%. This growth was driven by strong performance in its Market Intelligence and S&P Dow Jones Indices segments. Following these results, Morgan Stanley (NYSE:MS) raised its price target for S&P Global from $595 to $615, maintaining an Overweight rating on the stock. Morgan Stanley cited the company’s "solid beat" on earnings and an increase in guidance as reasons for the target adjustment. These developments highlight the positive momentum for S&P Global in the financial analytics sector. Investors are likely to take note of the company’s strong financial performance and the positive outlook from analysts.
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