IHS Markit (INFO) PT Raised to $47 at UBS; Reiterates Neutral

UBS raised its price target on IHS Markit (NASDAQ: INFO) to $47.00 (from $43.00) while maintaining a Neutral rating. Analyst Alex Kramm had assumed that the strong top line and in-line EPS would be better received, particularly as all segments contributed with stable or improving trends.

UBS is maintaining FY17 estimates as today's $0.01 beat is offset by a slight reduction to F3Q estimates. This follows management commentary that downplayed F2Q strength and pointed to slower growth from Transportation and Financial Services in the back half of the year.

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