UPDATE: Cowen Starts IHS Holding (IHS) at Outperform

November 8, 2021 5:46 AM EST
Get Alerts IHS Hot Sheet
Price: $7.80 -8.13%

Rating Summary:
    10 Buy, 6 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 33 | New: 7
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(Updated - November 8, 2021 5:46 AM EST)

Cowen analyst Colby Synesael initiates coverage on IHS Holding (NYSE: IHS) with a Outperform rating and a price target of $27.00.

The analyst comments "We are initiating coverage of IHS with an Outperform rating and $27 PT. Post its recent IPO, we believe the current price offers an attractive entry as it trades at just 7.3x 2022E EBITDA. We believe IHS should drive attractive DD organic revenue growth supplemented with M&A and even better EBITDA/AFFO growth as a result of its emerging markets focus, although with typical emerging markets risks."

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

Shares of IHS Holding closed at $16.32 yesterday.

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