Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

S&P Global (SPGI.N)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (US$)	Price Target (US$)	Rating
2022-03-25	413.47	486.00	Buy
2022-05-04	364.32	441.00	Buy
2022-06-06	338.64	407.00	Buy
2022-10-10	298.72	375.00	Buy
2023-01-10	354.39	400.00	Buy
2023-04-28	362.58	420.00	Buy
2023-07-11	396.42	460.00	Buy
2024-02-11	437.89	505.00	Buy
2024-07-09	460.30	555.00	Buy
2024-10-08	518.35	605.00	Buy
2024-10-25	490.61	610.00	Buy
2025-02-17	539.69	640.00	Buy
2025-04-07	438.31	555.00	Buy
2025-04-30	500.05	575.00	Buy

Disclosures

Within the past 12 months, UBS has received compensation for products and services other than investment banking services from this company/entity.
UBS Securities LLC makes a market in the securities and/or ADRs of this company.
UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.