S&P Global price target lowered to $580 from $590 at Oppenheimer
Oppenheimer lowered the firm’s price target on S&P Global to $580 from $590 and keeps an Outperform rating on the shares as part of a Q4 earnings preview. The weak Q4 issuance expectation didn’t appear to materialize, and Opco’s proprietary tracker indicates that issuance bettered expectations, the analyst tells investors in a research note. The firm forecast that S&P Global’s and Moody’s Q4 Ratings revenues grew 13% and 22% year-over-year, respectively, higher than the consensus estimates of 11