S&P Global Inc. (NYSE:SPGI) is one of the 13 Best Large Cap Stocks to Buy Right Now. On July 7, TipRanks reported that Morgan Stanley analyst Toni Kaplan raised the price target for S&P Global Inc. (NYSE:SPGI) from $587 to $595 and maintained a “Buy” rating.

Kaplan’s positive stance on S&P Global Inc. (NYSE:SPGI) is based on a combination of factors that suggest a positive outlook for the company.

A group of analysts studying data on a large monitor.

Even though credit markets had a challenging quarter, S&P Global Inc. (NYSE:SPGI) performance is expected to be better than previously expected. In June, there was a strong increase in credit issuance.

Because of this pleasant surprise, Morgan Stanley’s analyst increased S&P Global Inc.’s (NYSE:SPGI) earnings per share estimate by 2%, reflecting higher financial expectations for the company.

Additionally, Kaplan expects the company to maintain its full-year ratings revenue guidance, despite a drop in issuance. This further supports the Buy rating.

S&P Global Inc. (NYSE:SPGI) is an American financial intelligence company that provides credit ratings, benchmarks, analytics, and workflow solutions. The company offers data, technology, and expertise to help clients make informed decisions.

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Disclosure: None. This article is originally published at Insider Monkey.