UPDATE: Barclays Upgrades IHS Inc. (IHS) to Overweight; Strong Growth Potential, Steady Execution
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Price: $103.72 -0.16%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade IHS Now!
(Updated - June 4, 2012 1:13 PM EDT)
Barclays upgraded IHS Inc. (NYSE: IHS) from Equalweight to Overweight. PT raised from $100 to $115.
Analyst, Manav Patnaik, said, "We are upgrading IHS to OW and raising our price target to $115, or 18.0x FY'13 FCF/share. We justify this multiple (which is slightly below its historical average of 18.3x) due to strong growth potential, steady execution by a solid management team, lower ERP implementation risks, and new product introductions / cross-sell ability."
Patnaik maintains YF12 EPS estimate at $2.64 and FY13 at $3.11.
For an analyst ratings summary and ratings history on IHS Inc. click here. For more ratings news on IHS Inc. click here.
Shares of IHS Inc. closed at $96.18 yesterday, with a 52 week range of $67.88-$103.25.
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Barclays upgraded IHS Inc. (NYSE: IHS) from Equalweight to Overweight. PT raised from $100 to $115.
Analyst, Manav Patnaik, said, "We are upgrading IHS to OW and raising our price target to $115, or 18.0x FY'13 FCF/share. We justify this multiple (which is slightly below its historical average of 18.3x) due to strong growth potential, steady execution by a solid management team, lower ERP implementation risks, and new product introductions / cross-sell ability."
Patnaik maintains YF12 EPS estimate at $2.64 and FY13 at $3.11.
For an analyst ratings summary and ratings history on IHS Inc. click here. For more ratings news on IHS Inc. click here.
Shares of IHS Inc. closed at $96.18 yesterday, with a 52 week range of $67.88-$103.25.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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