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Fly News Breaks for January 16, 2019
INFO
Jan 16, 2019 | 07:38 EDT
SunTrust analyst Andrew Jeffrey lowered his price target on IHS Markit to $62 to reflect its higher equity risk premium but keeps his Buy rating after its Q4 earnings beat and affirmed outlook for FY19. The analyst expects the company to deliver "predictable" mid-single digit organic revenue growth through the cycle, and higher EBITDA margin with "robust" free cash flows. Jeffrey adds that IHS Markit valuation will be supported by its disciplined capital allocation, a focus on debt paydown, and stock buybacks.
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