UPDATE: Credit Suisse Reiterates Neutral Rating, Lowers PT IHS Inc. On Lowered FY15 Guidance

In a report published Wednesday, Credit Suisse analyst Anjaneya Singh reiterated a Neutral rating on

, but lowered the price target from $130.00 to $122.00. In the report, Credit Suisse noted, "IHS's lowered FY15 guidance incorporates an incremental $35mm FX drag, with the remainder coming from Energy (we estimate a ~$55mm impact). While IHS's subscription-based business and the strength of the Industrials segment should help offset some of the volatility related to FX and energy, the latter makes an acceleration in organic growth seem less probable in the interim. We maintain our Neutral rating on IHS shares." IHS Inc. closed on Tuesday at $110.26.