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BMO Capital raises S&P Global (SPGI) price target on strong issuance momentum
BMO Capital has raised its price target for S&P Global (SPGI) to $500, up from $472, while maintaining an ‘Outperform’ rating. This adjustment reflects strong issuance momentum observed in various financial markets, particularly in U.S. investment-grade and high-yield sectors, which are key drivers for SPGI’s ratings business. BMO Capital’s analysis suggests these trends could lead to sustained growth for S&P Global.