Barclays maintains an 'Equalweight' on IHS Inc. (IHS); Takeaways from Meeting with New CFO
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Price: $8.36 --0%
Rating Summary:
8 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on IHS Inc. (NYSE: IHS) price target of $85.00.
Barclays analyst says, "As a 'process freak', CFO, Richard Walker, was critical in enhancing discipline at IHS, and, as he put it, apart from all the assets the company has acquired, he is equally proud of all the deals it has NOT done. (Bio: Richard joined IHS in 12/2006 as SVP Strategy & Marketing, after COO of Autbytel. His prior work experience also includes LoneTree Capital Management; MediaOne; US WEST Communications; and Arthur Andersen. A Denver native, Rich earned his degrees from University of Colorado and University of Denver.)"
"We remain bullish on the fundamental outlook for IHS; but stay at bay with a EW rating, as we remain cautious around: 1) the risks associated with the heightened level of M&A (35 deals since '06 for $1.8B+); 2) ERP implementation risks (first go-live began July 5); and 3) the current macroeconomic backdrop (we wait to hear the latest commentary during IHS' 3Q FY11 earnings call; to be held 09/21 at 8am EST).
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 $74.58 yesterday.
Barclays analyst says, "As a 'process freak', CFO, Richard Walker, was critical in enhancing discipline at IHS, and, as he put it, apart from all the assets the company has acquired, he is equally proud of all the deals it has NOT done. (Bio: Richard joined IHS in 12/2006 as SVP Strategy & Marketing, after COO of Autbytel. His prior work experience also includes LoneTree Capital Management; MediaOne; US WEST Communications; and Arthur Andersen. A Denver native, Rich earned his degrees from University of Colorado and University of Denver.)"
"We remain bullish on the fundamental outlook for IHS; but stay at bay with a EW rating, as we remain cautious around: 1) the risks associated with the heightened level of M&A (35 deals since '06 for $1.8B+); 2) ERP implementation risks (first go-live began July 5); and 3) the current macroeconomic backdrop (we wait to hear the latest commentary during IHS' 3Q FY11 earnings call; to be held 09/21 at 8am EST).
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 $74.58 yesterday.
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