INF to Reiterate FY09 Expectations
Analysts at Citi Investment Research and Analysis maintain their "buy" rating on Informa ORD (NASDAQ: INF). The target price for INF is set to 296p.
Informa is scheduled to release a pre-close trading update on December 15. The analysts expect the company to reiterate its guidance. INF has already announced that trading remains inline with expectations. Citi Investment Research and Analysis expects the company to post an EPS of 32.3p for FY09. Although an exponential rebound is unlikely during FY10, INF is likely to enjoy a better business environment due to the cost reduction measures undertaken during 2009.
Informa is structurally secure and its segments, academic and scientific publishing and data analytics, have bright long term growth prospects, the analysts say. INF’s solid structural positioning is reflected in its recent bids.
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