UPDATE: Stifel Initiates Coverage on IHS on Fair Valuation
In a report published Tuesday, Stifel analyst Shlomo Rosenbaum initiated coverage on IHS (NYSE: IHS) with a Hold rating.
In the report, Stifel noted, “We are initiating coverage of IHS Inc. with a Hold, or neutral, rating on the shares based on valuation in the context of expected growth. We are enthusiastic about the company's market position, strategic vision, and product portfolio, but returning to historical organic growth rates will likely be a long slog (if it happens) and prior baseline level expectations for upper-single-digit growth seem to now be three-year goals.”
IHS closed on Monday at $115.60.
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