S&P Global: Dividend Aristocrat Without Being A Value-Style Stock

  • S&P Global remains a buy at $500 due to its dominant, capital-light business model and diversified revenue streams, despite recent guidance reductions. The macroeconomic outlook has improved, reducing recession risks and rising asset prices, supporting a recovery in the Ratings and Indices segments, which faced earlier headwinds. The upcoming Mobility segment spin-off should enhance overall profitability and growth, potentially justifying higher valuation multiples for S&P Global.