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Fly News Breaks for November 13, 2019
INFO
Nov 13, 2019 | 09:06 EDT
SunTrust analyst Andrew Jeffrey raised his price target on IHS Markit to $80 and kept his Buy rating after its raised FY19 and initial FY20 guidance. The analyst notes that the sustainability of the company's organic revenue growth is becoming clearer, forecasting "consistent" mid-single digit gains along with above-industry average EBITDA margin expansion and strong free cash flows. Jeffrey contends that IHS Markit stock should continue re-rating toward the high end of the Info Services group.
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