Goldman Sachs Reiterates Neutral on IHS, Raises PT to $88

Goldman Sachs reiterated its Neutral rating on IHS IHS. At the same time, Goldman raised its price target on the company's stock from $82 to $88. In a research report published today, Goldman states, "We think shares could trade in a choppy fashion post the result, before resuming earnings-driven growth as investors recalibrate the cadence of near term expectations. IHS is seeing a dispersion in growth among its businesses, with large global accounts and energy accelerating into double-digit organic growth... We raise our 12-month P/E-based target to $88 ($82 prior), now using the midpoint of 2011 and 2012 EPS ($3.81) as our base, with a 23X multiple, its average over the last year." On Wednesday, IHS closed the day at $87.99.