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Fly News Breaks for January 15, 2020
INFO
Jan 15, 2020 | 07:56 EDT
BMO Capital analyst Jeffrey Silber raised his price target on IHS Markit to $83 and kept his Outperform rating after its "margin-driven" Q4 earnings beat. The analyst notes that the company's slowing organic growth in Resources was offset by accelerating growth in Transportation and stable growth in Financial Service. Silber adjusts his valuation model to reflect the "more current" sector multiples, adding that the stabilization in the energy market should also support IHS Markit's further growth.
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