On July 27, S&P Global rose 3.1% in regular trading, trading at $439.95/share, with turnover of $158 million. The company is scheduled to report second-quarter earnings before the market opens on July 28.
On the news front, multiple investment banks recently raised their price targets on S&P Global in rapid succession: JPMorgan raised its target from $535 to $555 while maintaining an Overweight rating, Jefferies raised from $535 to $550 maintaining a Buy rating, and Goldman Sachs raised from $490 to $512 maintaining a Buy rating. The consensus mean price target among analysts polled by FactSet stands at approximately $517. Morgan Stanley noted that bond issuance trends remain a strong tailwind for ratings agencies, citing continued M&A recovery, AI and data-center financing as key growth drivers.
Within the Financial Exchanges & Data sector, the broader group traded positively. Moody's rose 3.92%, Intercontinental Exchange gained 1.58%, Nasdaq added 1.48%, Coinbase rose 1.65%, and CME Group edged up 0.36%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)