S&P Global Price Target Raised to $419 at Oppenheimer
<p>Oppenheimer analysts raised their price target on <a href='https://financialmodelingprep.com/financial-summary/SPGI'>S&P Global Inc. (NYSE:SPGI)</a> to $419 from $404, noting that the stock has a good start to Q3/22 despite the markets retreating the last two weeks.</p>
<p>The analysts highlighted that non-Ratings businesses contribute approximately 70% of the company's total revenue, and remain solid based on (1) growing AUM linked to S&P indices, (2) strong growth in ESG, (3) strong used car market, and (4) upside to guidance if issuance recovers. </p>
<p>According to the analysts, the stabilization in capital markets at a minimum injects confidence that the stock can regain its footing. The analysts are incrementally positive on the company and view the recent sell-off as buying opportunity for long-term investors.</p>

NYSE:SPGI