Goldman Sachs Reiterates Buy on IHS Markit (INFO) Following Investor Meetings

Goldman Sachs analyst, George Tong, reiterated a Buy rating and $60.00 price target on IHS Markit (NASDAQ: INFO) following investor meetings. In the meetings, management reiterated expectations for 5-7% annual organic revenue growth, 100 bps of annual margin expansion pre-FX and Ipreo, and double-digit EPS growth.

Tong believes recent investment initiatives will serve as a tailwind to growth, and see notable strength in transportation, upside potential in energy and growth accretion from Ipreo in financial services.

For an analyst ratings summary and ratings history on IHS Markit click here. For more ratings news on IHS Markit click here.

Shares of IHS Markit closed at $54.07 yesterday.

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