Needham & Company Reiterates a 'Buy' and Raises Estimates on IHS Inc. (IHS) After Reporting Upside Results

Needham & Company reiterates a 'Buy' on IHS Inc. (NYSE: IHS), raises PT from $90 to $100.

Needham analyst says, "IHS posted another good quarter and we have increased our estimates. We believe that IHS shares will continue to work higher in 2011 as organic revenue growth accelerates over a slower growth expense base. Add Non-GAAP EPS accretive acquisitions to the mix and we believe this constitutes a recipe for stock price appreciation." (Raises FY11 EPS from $3.30 to $3.35 and FY12 from $3.87 to $3.88)

For more ratings news on IHS Inc. click here and for the rating history of IHS Inc. click here.

Shares of IHS Inc. closed at $85.79 yesterday.

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