Piper Jaffray Overweight On IHS Inc.

Piper Jaffray has an Overweight rating and a $97 price target on shares of IHS Inc. IHS. In a note to clients, Piper Jaffray writes, "IHS shares have modestly underperformed the market (-4.3% vs. a -1.1% move in the S&P500) since posting more-or-less in-line F1Q results, after sharply outperforming the market in the prior 12 months. We expect another in-line quarter, though upside in organic revenues or margins could be a potential near-term catalyst for the shares. We retain our Overweight rating based on attractive organic and acquisition-driven revenue growth, significant room for long-term margin upside, a strong record of execution and a compelling financial model." Shares of IHS lost 35 cents yesterday to close at $82.78.