S&P Global gains after report firm weighing carving out Capital IQ Pro platform

Financial data firm S&P Global's SPGI.N shares rise 3% to $448.84.

SPGI is considering spinning out its flagship data and research platform Capital IQ Pro, Bloomberg News reports, citing people familiar with the matter.

The unit can fetch a valuation in high single-digit billions of dollars - report.

Capital IQ Pro offers access to more than 60 million private companies and is used by finance professionals to conduct research.

25 of 29 brokerages rate the stock "buy" or higher and 4 "hold"; median PT $523 - LSEG data.

As of last close, shares down 11.8% YTD.