Market Overview

UPDATE: Piper Jaffray Cuts PT to IHS tp $89 on Cautious Guidance

Related IHS
Benzinga's Top Downgrades
Barclays Downgrades IHS To Equal-weight
Real Price Difference Between iPhone Models (Fox Business)

Piper Jaffray reiterated its Neutral rating on IHS (NYSE: IHS) but lowered its price target from $92 to $89.

Piper Jaffray commented, "We like the long-term growth story at IHS and the company's appealing financial model, but with recent results disappointing and near-term growth slowing we think the shares are likely stuck in a trading range over the next two to three quarters. We trim our estimates to reflect more conservative near-term expectations. … Based on slightly more conservative revenue growth assumptions, we trim our FY13 adjusted EPS estimate to $4.33 (guidance is $4.23- $4.43) from $4.47."

IHS closed at $90.51 on Tuesday.

Latest Ratings for IHS

DateFirmActionFromTo
Oct 2014BarclaysDowngradesOverweightEqual-weight
Oct 2014Stifel NicolausUpgradesHoldBuy
Oct 2014SunTrust Robinson HumphreyUpgradesNeutralBuy

View More Analyst Ratings for IHS
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (IHS)

Around the Web, We're Loving...

Get Benzinga's Newsletters