Morgan Stanley cuts target for S&P Global stock to USD 477

Published on 10/08/2026 at 15:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley kept Overweight at USD 477 after USD 525. S&P Global stock costs EUR 353.60 on October 8, 2026 after EUR 352.70, plus 0.26 percent.

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S&P Global (ISIN US78409V1044) was trading at EUR 353.60 at Lang & Schwarz on October 8, 2026 at 3:40 p.m. CEST, plus 0.26 percent versus the prior close of EUR 352.70 on October 7, 2026. On October 7, 2026, Morgan Stanley lowered its price target from USD 525.00 to USD 477.00 and kept an Overweight rating, as Markets Insider reported.

Three events reshape the stock story

On July 1, 2026, S&P Global completed the Mobility separation and distributed one Mobility Global share for each S&P Global share, according to Ticker Scout. On July 28, 2026, second-quarter GAAP revenue reached USD 4.146 billion, up 10.00 percent year over year, the same filing summary said. On October 7, 2026, Morgan Stanley lowered the target from USD 525.00 to USD 477.00 while maintaining Overweight, as Markets Insider reported.

What does the target cut change?

The USD 48.00 reduction equals a 9.14 percent cut from the former target. Morgan Stanley cited weak third-quarter issuance, tough comparisons and greater valuation support for S&P Global than for Moody's, according to Markets Insider. The lower target therefore points to a more cautious valuation framework even as the rating remains Overweight.

Second-quarter numbers reset the base

S&P Global's second-quarter 2026 GAAP net income was USD 1.217 billion, up 14.00 percent year over year, while diluted earnings per share reached USD 4.12, up 18.00 percent. Pro forma revenue excluding Mobility rose 11.00 percent to USD 3.678 billion, and pro forma adjusted diluted earnings per share rose 23.00 percent to USD 4.83, according to Ticker Scout. Those comparisons matter because third-quarter reporting will exclude Mobility after the July separation.

Next report arrives October 27

S&P Global will issue its third-quarter 2026 results on October 27, 2026, at approximately 7:15 a.m. Eastern Daylight Time and will hold its conference call at 8:30 a.m. Eastern Daylight Time, according to the company's investor release. The report will provide the first quarterly comparison fully separated from Mobility.

Stock remains above prior close

S&P Global was trading at EUR 353.60 at Lang & Schwarz on October 8, 2026 at 3:40 p.m. CEST, plus 0.26 percent versus the Lang & Schwarz prior close of EUR 352.70 on October 7, 2026. The primary-market quote was USD 397.02 on the NYSE at 9:54 a.m. ET on October 8, 2026, while the 52-week range was USD 361.03 to USD 552.25 and market capitalization was USD 117.0 billion. The further course of trading is shown by the continuously updated real-time quote of S&P Global stock.