IHS (IHS) Shares Sink Midday as Piper Jaffray Cuts to Neutral

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March 22, 2012 11:59 AM EDT
Get Alerts IHS Hot Sheet
Price: $8.33 +0.24%

Rating Summary:
    8 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Shares of IHS Inc. (NYSE: IHS) have dipped noticeably in intraday trade Thursday following a mid-day downgrade from Piper Jaffray's Peter Appert. The stock is now down about 5.5 percent from Wednesday's close.

Appert now rates IHS shares a Neutral, down from Overweight previously. The analyst maintained a $96 price target.

The downgrade follows a Q1 miss and news the company has acquired IMS Research in a $46 million deal.

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

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