Market Overview

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

Share:
Related IHS
UPDATE: Credit Suisse Reiterates Neutral Rating, Lowers PT IHS Inc. On Lowered FY15 Guidance
Worst Performing Industries For March 24, 2015

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
Mar 2015Argus ResearchDowngradesBuyHold
Mar 2015BMO CapitalMaintainsOutperform
Mar 2015BarclaysMaintainsEqual-weight

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...