Movement Alert|S&P Global Falls 3.11% in Regular Trading, Post-Earnings Target Price Cuts Intensify Selling Pressure

Market Focus07-30

On July 30, S&P Global declined 3.11% in regular trading, trading at $408.15/share, with turnover of $377 million. The stock continued its post-earnings slide as multiple investment banks lowered their price targets.

Following the Q2 earnings release on July 28, Jefferies cut its target from $550 to $525 while maintaining a Buy rating, and Baird reduced its target from $521 to $513 while maintaining an Outperform rating. The company reported Q2 adjusted EPS of $4.83, slightly above the $4.81 consensus, and revenue of $4.15 billion versus $4.12 billion expected. However, fiscal 2026 adjusted EPS guidance of $17.50-$17.75 came in significantly below the FactSet consensus of $18.50, triggering sustained selling pressure.

Notably, ahead of the earnings report, several banks had raised targets aggressively — JPMorgan to $555, Jefferies to $550, and Goldman Sachs to $512 — elevating market expectations considerably. The gap between those elevated expectations and the disappointing full-year outlook has driven continued profit-taking.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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