J.P. Morgan Reiterates Neutral Rating on HIS Inc. (IHS)

J.P. Morgan is out with a research report this morning, where it reiterates its Neutral rating on HIS Inc. IHS; it has a $75.00 price target on the stock. The JPM analysts said that they believe underlying subscription trends continue to improve, but they do not expect acceleration in organic revenues in FQ4 (as has been the case the past few periods). They also noted that IHS provided initial F2011 guidance in November, and reiterated it December—Street estimates are near the high-end of guidance. As for valuation, the analysts remarked, “IHS is trading at 20.4 times F2012E EPS and 12 times EBITDA. That's near the high-end of a peer group but the lower-end of historical ranges.”