IHS Holding price target lowered to $7 from $11 at RBC Capital

RBC Capital analyst Jonathan Atkin lowered the firm’s price target on IHS Holding (IHS) to $7 from $11 but keeps an Outperform rating on the shares. The company’s financial results were broadly in line with consensus expectations, though in a positive development, IHS reached a commercial agreement with MTN Group (MTNOY), extending and renewing leases across its footprint, the analyst tells investors in a research note.