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Fly News Breaks for June 27, 2019
INFO
Jun 27, 2019 | 06:03 EDT
Piper Jaffray analyst Peter Appert raised his price target for IHS Markit to $70 from $64 and keeps an Overweight rating on the shares. The catalysts for the stock are improving organic revenue growth, margin upside and leverage from free cash flow, all of which can happen over the next 12-18 months, Appert tells investors in a research note. The analyst says IHS Markit's "solid" fiscal Q2 revenue and earnings beat reinforces his confidence in the "secular growth story."
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