3 Stocks to Buy According to Dan Juran’s Rings Capital

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1. S&P Global Inc. (NYSE:SPGI)

Juran’s Stake Value: $100.2 million

S&P Global Inc. (NYSE:SPGI) is a New York-based corporation that offers analytics and financial information to the commodity and capital markets globally.

On September 16, Oppenheimer analyst Owen Lau maintained an Outperform rating on S&P Global Inc. (NYSE:SPGI) stock and raised the price target from $476 to $550.

According to the fund’s latest filings, Rings Capital Management owns a $100 million stake in S&P Global Inc. (NYSE:SPGI) as of the third quarter.

Baron Funds, in its first-quarter 2021 investor letter, projects that S&P Global Inc. (NYSE:SPGI) has a long runway for growth and significant competitive advantages. Here is what the fund said:

“S&P Global Inc. provides credit ratings, indexes, data, and analytics to the financial and commodities markets. Shares increased on strong fourth quarter results and 2021 guidance that exceeded Street expectations. Although bond issuance is expected to moderate after two years of exceptional growth, management still expects revenue to grow mid-single-digits this year. Also, shareholders overwhelmingly voted to approve the merger with IHS Markit. We continue to own the stock as we see a long runway for growth and significant competitive advantages for the company.”

You can also take a peek at Top 10 Stock Picks of Peter Avellone’s Cartenna Capital and 9 Best Clean Energy Stocks To Buy Today.

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