Baird reiterates S&P Global stock rating on separation potential
Baird maintained its favorable view on S&P Global Inc. (NYSE: SPGI) with an 'Outperform' rating and a price target of $513.00. Bloomberg reported that S&P Global is contemplating options, which may include a potential spin-off of Capital IQ Pro. However, the specific businesses that could be part of this separation remain unclear.
Baird believes that a reported separation of CapIQ would result in a more appealing standalone SPGI stock, potentially narrowing or eliminating the valuation discount compared to its closest peers and unlocking combined company value. The stock presently trades at a P/E ratio of 26.95, and according to InvestingPro analysis, it appears to be undervalued based on Fair Value calculations.
InvestingPro provides six additional exclusive tips for SPGI, including insights into the company's dividend history and profitability outlook. However, many details surrounding the potential transaction are still missing. Baird stated that numerous investors would welcome the idea of a potential separation.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
