Goldman Sachs rates shares of IHS Inc. IHS at Neutral, after the company purchased assets from the chemical and energy portfolio of Access Intelligence LLC.
In the research report, Goldman Sachs notes, "We view this in some ways analogous to the Jane’s acquisition in 2007, which enabled entry into the broader security/defense domain, and resulted in better uptake of IHS products beyond core energy and aerospace customers. The acquisition also includes a number of industry experts, a model of authority which in the Janes, CERA, and Global Insight acquisitions offered more rapid and credible entry of existing IHS products into new customers. Our estimates and price target are unchanged absent disclosure of deal terms."
Shares of IHS lost $1.26 yesterday to close at $63.49.
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Posted In: Analyst ColorEarningsNewsM&AAnalyst RatingsEnergyGoldman SachsOil & Gas Equipment & Services
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