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In a report published Tuesday, Morgan Stanley analyst Suzanne E. Stein reiterated an Equal-Weight rating on
IHSIHS, but removed the $114.00 price target.
In the report, Morgan Stanley noted, “We remain Equal-weight on IHS shares given current valuation and challenges in accelerating top line growth and expanding margins. However, if recent investments translate into high single digit organic revenue growth and >100 bps of annual margin expansion, we believe the stock will seek higher levels. We look for an inflection point in performance that gives us more confidence that this transformation is underway.”
IHS closed on Monday at $118.98.
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