SPGI - S&P Global: Aligned For Market-Beating Returns As Transition Period Continues

2024-05-12 14:30:06 ET

Summary

• S&P Global reported better-than-expected growth in Q1, driven by strong performance in its Ratings and Indices segments.
• The company is facing challenges in portfolio optimization, a volatile ratings market, and stricter budgets from software customers.
• Despite these challenges, S&P Global is expected to be a market-beating investment with strong growth prospects.

S&P Global ( SPGI ) bounced back from a disappointing fourth quarter as better-than-expected growth in its most important units fueled a beat & raise quarter in Q1.

The company is still going through a transition period, as several key pieces that are crucial for its success are yet to find stable ground.

These include portfolio optimization following the IHS Markit acquisition, a volatile ratings market amid an uncertain rate environment, and increasingly stricter budgets of its software customers. ...

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