Wells Fargo Cuts S&P Global (SPGI) Target on Weaker Credit Market Trends

S&P Global Inc. (NYSE:SPGI) is included among the Early Retirement Portfolio: Top 15 Stocks to Buy.

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On April 13, Wells Fargo lowered its price recommendation on S&P Global Inc. (NYSE:SPGI) to $525 from $530. It reiterated an Overweight rating on the shares. The firm pointed to a higher risk that S&P Global’s Ratings business, along with Moody’s Corporation (MCO) MIS revenue, could fall short of Street expectations in Q1. It noted that issuance activity has slowed recently, largely tied to the conflict in Iran, which has pushed credit spreads higher.

On April 7, Morgan Stanley analyst Toni Kaplan lowered the firm’s price target on S&P Global to $556 from $580 and maintained an Overweight rating. She said resilient March issuance helped close out “a solid issuance quarter to start 2026.” At the same time, she expects both S&P Global and Moody’s to hold their guidance, given the current geopolitical backdrop, while still seeing room for upside.

S&P Global Inc. (NYSE:SPGI) provides data and analytics across global markets. Its operations are organized into five segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices.

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