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Fly News Breaks for January 27, 2020
MCO, SPGI, INFO
Jan 27, 2020 | 07:26 EDT
BMO Capital analyst Jeffrey Silber downgraded IHS Markit (INFO) to Market Perform from Outperform with an unchanged $83 price target. The analyst states that the rating change is not a reflection of the company's reduced positioning or business prospects but rather a call on valuation as some of the stock's discount valuation relative to peers has narrowed. Silber prefers other information services names such as S&P Global (SPGI) and Moody's (MCO), where he sees greater catalysts for stronger growth.
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