UPDATE: Piper Jaffray Cuts PT to IHS tp $89 on Cautious Guidance - IHS Holding (NYSE:IHS)

27% profit every 20 days?

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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.

27% profit every 20 days?

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