Goldman Sachs analyst, George Tong, reiterated a Buy rating and $60.00 price target on IHS Markit (NASDAQ: INFO) following investor meetings. In the meetings, management reiterated expectations for 5-7% annual organic revenue growth, 100 bps of annual margin expansion pre-FX and Ipreo, and double-digit EPS growth.

Tong believes recent investment initiatives will serve as a tailwind to growth, and see notable strength in transportation, upside potential in energy and growth accretion from Ipreo in financial services.

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Shares of IHS Markit closed at $54.07 yesterday.