UPDATE: Deutsche Bank Reiterates Hold Rating, Lowers PT on IHS Following Lowered EPS

In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on

, but lowered the price target from $110.00 to $105.00. In the report, Deutsche Bank noted, “Lowering our '13 EPS on lower revs. We are paring our EPS estimates on lower revenue expectations. Our 3QE adjusted EPS (excluding stock comp) moves from $1.19 to $1.11 (prior Street at $1.14) while our 4QE adjusted EPS declines from $1.26 to $1.21 (prior Street at $1.32). Our '13E adjusted EPS goes from $4.37 to $4.24 (prior Street at $4.35). Maintain Hold.” IHS closed on Friday at $97.03.