J.P. Morgan Maintains Neutral Rating On IHS

According to J.P. Morgan, IHS IHS Neutral rating is maintained. J.P. Morgan said that on Thursday, the company announced 1) updated F2011 guidance to reflect the $500MM acquisition of Seismic Micro-Technology and 2) the departure of CFO Mike Sullivan. “IHS shares have been hit hard recently (-20% since mid-June v. S&P 500's -8%), and valuation is looking more intriguing at 12.3 times F2012E EBITDA. Our price target is $81.” IHS closed yesterday at $69.12.