Why S&P Global Stock Inched Higher on Tuesday
S&P Global (NYSE: SPGI) was on the business end of a positive analyst update on Tuesday, and thanks to that its stock landed in the black that trading session. We're not talking a massive leap higher, though; the shares ended the day 0.2% higher, although that was good enough to beat its own S&P 500 index's 0.1% rise.
The analyst who authored the update was Joshua Dennerlein of Bank of America Securities. That morning, he reinstated his bank's coverage of S&P Global stock with a buy recommendation. This was accompanied by a $575-per-share price target.
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Source Fool.com
