IHS Markit (INFO) PT Raised to $121 at BMO Capital

BMO Capital analyst Jeffrey Silber raised the price target on IHS Markit (NASDAQ: INFO) to $121.00 (from $110.00) while maintaining a Market Perform rating.

The analyst commented, "2Q21 results narrowly beat expectations, due to top-line strength. Organic growth improved sequentially within every segment barring Financial Services while resources were flat versus declines in prior quarter. Management raised FY2021 and now expects revenues above the prior range (including $30 million FX benefit) while EBITDA and EPSrose more modestly. We slightly raise our estimates, and raise our target price (using the fixed deal component on our SPGI target)"

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