Jefferies Lifts Price Target on McGraw-Hill (MHP)

Jefferies maintained a Buy on McGraw-Hill (NYSE: MHP)and raised its price target to $64.00 (from $54.00). Analysts tweaked revenue estimates for 2012 and 2013, down 0.4% and up 1.5% respectively. They also raised 2012 EPS by 9.6% to US$3.65 and 2013 EPS by 7.3% to US$3.99.

"Numbers and price target steps up as business model resilience facilitates earnings growth in an anemic revenue growth environment," said analyst David Reynolds.

For an analyst ratings summary and ratings history on McGraw-Hill click here. For more ratings news on McGraw-Hill click here.

Shares of McGraw-Hill closed at $55.15 yesterday.

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