Piper Jaffray Raises Price Target Following IHS (IHS) 2Q15 Results
Piper Jaffray reiterates a Neutral rating on IHS Inc. (NYSE: IHS), and raised the price target to $129.00 (from $115.00), following 2Q15 results. Revenue, EBITDA and EPS all exceeded F2Q estimates, with upside from 6% y/y acquisition growth.
Analyst Peter Appert commented, "While we are fans of IHS's business model and favorably disposed to reappointed CEO Jerre Stead given his long track record of success, headwinds from depressed energy prices continue to weigh on organic trends and near-term growth estimates. Given a current fair valuation, we remain on the sidelines pending better visibility into a return to more historical mid-single digit organic growth and double digit EPS growth."
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Shares of IHS Inc. closed at $132.02 yesterday.