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Fly News Breaks for April 2, 2019
INFO
Apr 2, 2019 | 06:10 EDT
Piper Jaffray analyst Peter Appert raised his price target for IHS Markit to $64 from $61 following a series of meetings with CEO Lance Uggla and CFO Todd Hyatt. Uggla expressed a high level of confidence in the sustainability of mid-single digit organic revenue growth with 100 basis points per year of margin improvement, Appert tells investors in a research note. Further, the analyst thinks the company's Q2 is "starting on a healthy note." He has confidence in IHS Markit's near-term growth outlook and enthusiasm for its secular growth story. Appert reiterates an Overweight rating on the shares.
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