Bank of America Forecasts 40% Upside for S&P Global with $575 Price Target

Bank of America initiated coverage on S&P Global (SPGI) with a buy rating.

The firm established a price target of $575.00 for the business services provider. This target implies a potential upside of more than 40% from the stock's previous closing price.

The initiation aligns with a broader Wall Street consensus. MarketBeat reports that S&P Global currently maintains a consensus Buy rating from numerous analysts. JPMorgan Chase & Co. and William Blair also recently issued positive ratings for the company.