Tigress Financial analyst Ivan Feinseth has reiterated their bullish stance on IHS stock, giving a Buy rating on August 15.
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Ivan Feinseth has given his Buy rating due to a combination of factors that highlight IHS Holding’s strong position in the market. The company is poised to benefit from ongoing trends in connectivity and technology adoption, particularly in emerging telecom markets. This strategic positioning is expected to drive significant growth in revenue and cash flow.
Furthermore, IHS is actively optimizing its portfolio and business operations, which has led to a noticeable acceleration in business performance and an increase in return on capital. The company’s strategic capital allocation towards expanding its infrastructure, such as building new communication towers and pursuing acquisitions, is set to enhance shareholder value. These factors collectively contribute to the positive outlook for IHS, justifying the Buy rating and the 12-month target price of $11.
In another report released on August 15, Citi also maintained a Buy rating on the stock with a $8.75 price target.