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INFO

IHS Markit

$54.37

0.04 (0.07%)

, SPGI

S&P Global

$202.90

-1.31 (-0.64%)

06:09
08/29/18
08/29
06:09
08/29/18
06:09

Piper calls IHS Markit, S&P Global top picks in Information Services

Piper Jaffray analyst Peter Appert calls IHS Markit (IHS) and S&P Global (SPGI) his top picks in the Information Services sector. Dun & Bradstreet's (DNB) pending sale to a private equity group and Nielsen's (NLSN) strategic review refocuses investor attention on M&A activity in the sector, Appert tells investors in a research note. He says that while "rich" transaction values provide an "intriguing valuation backstop for the group," he continues to focus on operating fundamentals as the key driver of stock performance.

INFO

IHS Markit

$54.37

0.04 (0.07%)

SPGI

S&P Global

$202.90

-1.31 (-0.64%)

DNB

Dun & Bradstreet

$142.75

0.13 (0.09%)

NLSN

Nielsen

$26.73

0.14 (0.53%)

INFO IHS Markit
$54.37

0.04 (0.07%)

06/27/18
RHCO
06/27/18
NO CHANGE
Target $61
RHCO
Buy
IHS Markit price target raised to $61 from $54 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price on IHS Markit to $61 and reiterated his Buy rating, saying the company is an "increasingly visible Info Services growth story" offering "above-average" leverage and "robust" free cash flows". Jeffrey cites IHS Markit's investment in data and technology, especially in transportation, as it looks to "embed itself" in its customers' decision process. He believes that the company can sustain a high-single-digit organic revenue growth rate through geographic expansion, new verticals, and added digital market share.
05/22/18
05/22/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Macy's (M) upgraded to Positive from Neutral at Susquehanna with analyst Bill Dreher saying he believes the company's initiatives will generate "significant and unexpectedly strong" operating leverage, leading to what he expects to be a "parade" of beat and raise quarterly reports. 2. Fifth Third (FITB) upgraded to Neutral from Underperform at Baird ant to Neutral from Underperform at Macquarie. 3. AB InBev (BUD) upgraded to Sector Perform from Underperform at RBC Capital with analyst James Jones saying while margin growth may be elusive without volume growth, InBev profitability is likely to be "defendable" given the local nature of its brewing, where "economies of scale in production, marketing and distribution are most evident." 4. Comstock Resources (CRK) upgraded to Equalweight from Underweight at Capital One. 5. IHS Markit (INFO) upgraded to Outperform from Neutral at Macquarie with analyst Hamzah Mazari saying the Ipreo deal will drive IHS' organic growth to 5%-7% from 4%-6% and expects buybacks to resume following deleveraging below 3x in 2H 2019, combined with the divestiture of MarkitSERV. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/22/18
05/22/18
UPGRADE

Outperform
IHS Markit upgraded to Outperform on back of Ipreo deal at Macquarie
As previously reported, Macquarie upgraded IHS Markit to Outperform from Neutral with a $60 price target, up from $53. Analyst Hamzah Mazari said the Ipreo deal will drive IHS' organic growth to 5-7% from 4-6% and expects buybacks to resume following deleveraging below 3x in 2H 2019, combined with the divestiture of MarkitSERV. Mazari believes deal synergies will prove conservative and cost synergies are mostly low hanging fruit and are set to run $20M by the end of 2019.
05/22/18
MACQ
05/22/18
UPGRADE
MACQ
Outperform
IHS Markit upgraded to Outperform from Neutral at Macquarie
SPGI S&P Global
$202.90

-1.31 (-0.64%)

02/07/18
FBCO
02/07/18
NO CHANGE
Target $222
FBCO
Outperform
S&P Global price target raised to $222 from $183 at Credit Suisse
Credit Suisse analyst Anjaneya Singh raised his price target for S&P Global to $222 from $183 after the company reported another "strong" quarter, with the Ratings business again driving upside to his expectations, on "very strong" transaction revenue. The analyst reiterates an Outperform rating on the shares.
02/07/18
SUSQ
02/07/18
DOWNGRADE
SUSQ
Neutral
S&P Global downgraded to Neutral from Positive at Susquehanna
02/14/18
ARGS
02/14/18
NO CHANGE
Target $210
ARGS
Buy
S&P Global price target raised to $210 from $178 at Argus
Argus analyst John Eade raised his price target on S&P Global to $210 and kept his Buy rating following its recent Q4 earnings beat. Eade notes that the company is faced with risks related to the timing and magnitude of interest rate tightening at the Fed and also the risks of rising defaults in the corporate bond market, but believes the management team - which consistently "underpromises and overdelivers" with financial results - can navigate those challenges.
08/01/18
ATLE
08/01/18
DOWNGRADE
ATLE
Neutral
S&P Global downgraded to Neutral from Overweight at Atlantic Equities
DNB Dun & Bradstreet
$142.75

0.13 (0.09%)

06/18/18
BARD
06/18/18
DOWNGRADE
Target $135
BARD
Neutral
Dun & Bradstreet downgraded to Neutral at Baird
As reported previously, Baird analyst Jeffrey Meuler downgraded Dun & Bradstreet to Neutral from Outperform. The analyst believes any potential take-out is already priced into the shares, the current valuation seems to limit potential upside, and the business requires more substantial changes to return it to sustainable organic growth. Meuler has a $135 price target on Dun & Bradstreet shares.
06/18/18
BARD
06/18/18
DOWNGRADE
BARD
Neutral
Dun & Bradstreet downgraded to Neutral from Outperform at Baird
08/10/18
LEHM
08/10/18
DOWNGRADE
Target $145
LEHM
Equal Weight
Dun & Bradstreet downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Manav Patnaik downgraded Dun & Bradstreet to Equal Weight while raising his price target for the shares to $145 from $140. The analyst cut his rating after the company agreed to be acquired by an investor group for $145 per share in cash.
06/18/18
06/18/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Redfin (RDFN) was downgraded to Sell from Neutral at Goldman Sachs while Zillow (Z, ZG) was downgraded to Neutral from Buy. 2. Dun & Bradstreet (DNB) downgraded to Neutral from Outperform at Baird with analyst Jeffrey Meuler saying he believes any potential take-out is already priced into the shares, the current valuation seems to limit potential upside, and the business requires more substantial changes to return it to sustainable organic growth. 3. Hibbett Sports (HIBB) downgraded to Underperform from Buy at BofA/Merrill analyst Rafe Jadrosich saying he expects negative same-store-sales declines in Q4 and continuing through 2020 as Hibbett laps the ecommerce launch and excess inventory clearance. 4. Cheesecake Factory (CAKE) downgraded to Neutral on valuation at BTIG with analyst Peter Saleh citing recent share strength. 5. Intel (INTC) downgraded to Underperform from Market Perform at Northland. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
NLSN Nielsen
$26.73

0.14 (0.53%)

08/23/18
08/23/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Target (TGT) upgraded to Outperform from Market Perform at Telsey Advisory. 2. Deckers Brands (DECK) upgraded to Neutral from Negative at Susquehanna with analyst Sam Poser saying wholesale accounts are more positive than just a few months ago following checks with both large and small retailers. 3. Nielsen (NLSN) upgraded to Neutral from Sell at Goldman Sachs with analyst George Tong saying with activist Elliott Management pushing for a sale and increased deal activity in the Information Services sector, he sees increased likelihood of Nielsen being involved in a transaction. 4. Finisar (FNSR) upgraded to Overweight from Neutral at Piper Jaffray with analyst Troy Jensen saying China demand is returning via Huawei and ZTE (ZTCOY), Finisar is facing easy comps following five quarters of depressed demand and the upcoming 400G cycle should provide a tailwind in 2019. 5. Coca-Cola Amatil (CCLAY) upgraded to Equal Weight from Underweight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/23/18
GSCO
08/23/18
UPGRADE
Target $25
GSCO
Neutral
Nielsen upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst George Tong upgraded Nielsen Holdings to Neutral and raised his price target for the shares to $25 from $20. With activist Elliott Management pushing for a sale and increased deal activity in the Information Services sector, Tong sees increased likelihood of Nielsen being involved in a transaction. His upgrade to Neutral and price target increase come after the analyst incorporated a potential takeover into his model.
08/20/18
SBSH
08/20/18
NO CHANGE
Target $31
SBSH
Buy
Nielsen price target lowered to $31 from $41 at Citi
After Nielsen recently lowered its guidance, announced the retirement of its CEO, and said its Buy segment is under strategic review, Citi analyst Jason Bazinet said he sees two paths forward. If Nielsen sells Buy, the stock could go to $29; if all of Nieslen is sold, it could fetch $34 per share, estimates Bazinet. He assumes equal odds of either transaction, leading to his lowered price target of $31. Bazinet keeps a Buy rating on Nielsen shares.
08/23/18
08/23/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. ROSENBLATT BOOSTS AMD PRICE TARGET TO STREET HIGH: Rosenblatt analyst Hans Mosesmann raised his price target for AMD (AMD) shares to $30 from $27. Mosesmann's new price target represents the high among Wall Street sell-side analysts. Following the meetings, Mosesmann has renewed conviction in AMD's multi-year double digit growth profile. Further, he's impressed by the analysis investors are doing in the name after years of disregard. AMD is up 4.1% in late morning trading. CANTOR CUTS AETNA TO NEUTRAL: Cantor Fitzgerald analyst Steven Halper downgraded Aetna (AET) to Neutral from Overweight with a price target of $202. The stock now trades at just a 4.6% discount to the implied CVS Health (CVS) acquisition value of about $207 per share, Halper said. He believes the narrowed deal spread reflects an increased likelihood of regulatory approval. Halper cites limited potential upside for his downgrade of Aetna to Neutral. NIELSEN UPGRADED TO NEUTRAL AT GOLDMAN: Goldman Sachs analyst George Tong upgraded Nielsen Holdings (NLSN) to Neutral and raised his price target for the shares to $25 from $20. With activist Elliott Management pushing for a sale and increased deal activity in the Information Services sector, Tong sees increased likelihood of Nielsen being involved in a transaction. His upgrade to Neutral and price target increase come after the analyst incorporated a potential takeover into his model. Nielsen is up 3.3% in late morning trading. IMPERIAL SEES SUBSCRIBER UPSIDE FOR NETFLIX: Imperial Capital analyst David Miller believes Netflix's (NFLX) experiment with ending billing through Apple's (AAPL) app store in 33 countries outside the U.S. likely implies upside to its Q3 international subscriber guidance. The analyst said he has a tough time believing that Netflix would "experiment" with billing infrastructure mid-quarter if it did not believe that its international subscriber levels were trending ahead of guidance. As such, Miller raised his Q3 international subscriber estimate to 4.46M from 4.35M. He kept an Outperform rating on Netflix with a $494 price target. TARGET GETS UPGRADE AND DOWNGRADE: Target (TGT) was upgraded to Outperform from Market Perform at Telsey Advisory, and downgraded to Peer Perform from Outperform at Wolfe Research.

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