IHS Markit (INFO) PT Raised to $126 at Stifel

May 10, 2021 6:30 AM EDT
Get Alerts INFO Hot Sheet
Price: $64.61 --0%

Rating Summary:
    15 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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Stifel analyst Shlomo Rosenbaum raised the price target on IHS Markit (NASDAQ: INFO) to $126.00 (from $107.00) after hosting a group meeting with the CEO of S&P Global (NYSE: SPGI).

The analyst reiterated the Buy rating, stating "We are raising our target price on INFO shares from $107 to $126, reflecting our $446 SPGI target price times 0.2838, the deal exchange ratio. We view INFO shares as a modestly cheaper way to invest in SPGI shares since we expect the deal to close without any material change to either company."

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