IHS (IHS) and Markit (MRKT) Announce Merger of Equals

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Go back to IHS (IHS) and Markit (MRKT) Announce Merger of Equals

Piper Jaffray Raises Price Target on IHS (IHS) as Planned Markit Merger Creates Earnings Value

March 22, 2016 6:48 AM EDT

Piper Jaffray reiterated a Neutral rating on IHS Inc. (NYSE: IHS), and raised the price target to $123.00 (from $111.00), as the company's planned merger with Markit creates earnings leverage. IHS shareholders will receive 3.5566 shares of the new IHS Markit, resulting in IHS owners holding 57%... More

IHS (IHS) Tops Q2 EPS by 5c

March 21, 2016 6:18 AM EDT

IHS (NYSE: IHS) reported Q2 EPS of $1.40, $0.05 better than the analyst estimate of $1.35. Revenue for the quarter came in at $548 million versus the consensus estimate of $545 million.

GUIDANCE:

IHS sees FY2016 EPS of $6.00-$6.30, versus the consensus of $6.16. IHS sees... More