J.P. Morgan Raises PT on IHS to $90, Maintains Neutral (IHS)

J.P. Morgan raised its price target on IHS IHS from $85 to $90. This revision was not enough for J.P. Morgan to upgrade its current rating on IHS from Neutral, however. In a research report published today, J.P. Morgan states "We like IHS' growth strategy and see room for continued margin drive in coming years. But the stock has one of the highest valuations within our Information Services coverage (16.3 times F2012E EBITDA)—and we're not inclined to chase it at current levels." In yesterday's trading, IHS added 1.81% to its value to close the day at $89.37.