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Fly News Breaks for January 16, 2019
INFO
Jan 16, 2019 | 08:28 EDT
BMO Capital analyst Jeffrey Silber lowered his price target on IHS Markit to $58 after its Q4 results, saying the company's organic growth slowed across its portfolio of businesses. The analyst also kept his Outperform rating on the shares, citing the management's "reiterated confidence in its growth targets and the ability of its portfolio to adjust to weakness in global macroeconomic environment." Silber further notes that he is positive on IHS Markit's services exposure to the automotive and financial services end markets along with his expected stabilization in the energy market.
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