S&P Global gains after BMO lifts PT citing stronger billed issuance

Shares of ratings provider S&P Global SPGI.N rise 1.77% to $433.97 in morning trading

BMO raises PT on SPGI to $495 from $482 citing +22% y/y in February billed issuance, compared with January's 3% y/y increase

New PT is 16% upside to stock's last close

1Q26 global issuance data per Dealogic shows 5% global issuance growth with US issuance up 20% y/y, brokerage says

Adds SPGI's exchange-traded derivative (ETD) grew 20% y/y in February

26 of 29 analysts rate stock "strong buy" or "buy" and three "hold"; their median PT is $543.50- data compiled by LSEG

Including session's move, stock down 16.6% YTD