Movement Alert|S&P Global Rises 3.1% in Regular Trading, Multiple Investment Banks Raise Target Prices Ahead of Q2 Earnings

Market Focus
Jul 27

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10