Piper Jaffray Maintains Rating, PT On IHS

Piper Jaffray is maintaining its Overweight rating and $97 price target on IHS Inc. IHS in light of travels with the company's management. In the report, Piper Jaffray writes, “Recent travels with IHS management served to bolster our confidence in the outlook for the company and stock. Improved organic revenue growth and margin upside could serve as potential catalysts for the shares over the next 6-12 months. We reiterate our Overweight rating and find the shares particularly attractive for new money given their recent correction.” IHS closed yesterday at $69.73.