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Fly News Breaks for January 16, 2020
INFO
Jan 16, 2020 | 07:23 EDT
Argus analyst Joseph Bonner upgraded IHS Markit to Buy from Hold with a $90 price target after the company reported mid-single digit revenue growth and double digit earnings growth in Q4. The analyst further cites the management's expectations to initiate a dividend, saying he likes its new focus on shareholder returns. Bonner is also pointing to the below-peer-median valuation for IHS Markit shares and raising his FY20 EPS view by 5c to $2.90.
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