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Fly News Breaks for March 27, 2019
INFO
Mar 27, 2019 | 08:08 EDT
BMO Capital analyst Jeffrey Silber kept his Outperform rating and $59 price target on IHS Markit after its Q1 earnings beat, saying the company's organic growth was "stable sequentially, with improvements in Resources and Financial Services". The analyst also notes that the management affirmed its FY19 guidance in spite of some "bumps", that included "Ipreo lower equity issuance and a CMS decline from contract renewal uncertainty." Silber warns that the stock price could see some weakness but also maintains his view of IHS Markit as a "strong long-term story".
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