J.P. Morgan Raises HIS PT To $85

J.P. Morgan has issued a report raising the Price Target of IHS Inc IHS from $75.00 to $85.00. According to J.P. Morgan, "We like IHS's growth strategy and see room for continued margin drive in coming years. But the stock has one of the highest valuations within our broader Information Services coverage (15.6 times F2012E EBITDA)—and we're not inclined to chase it at current levels." IHS has a Neutral Rating and closed at $88.70 on Friday.