UPDATE: Benchmark Raises PT on The McGraw-Hill Companies to $43

Benchmark is out with its report today on The McGraw-Hill Companies (NYSE: MHP), raising its PT from $41 to $43.

In its report, Benchmark writes, "While we have a positive view of the pending breakup of McGraw-Hill, we believe the near term earnings outlook has deteriorated, the result of a sharp downturn in bond issuance over the last two months in the US and Europe. We maintain a Hold rating with our price target increasing from $41 to $43 per share."

Shares of MHP closed Monday at $45.44.