IHS Holding price target raised to $16 from $15 at TD Cowen

TD Cowen raised the firm’s price target on IHS Holding (IHS) to $16 from $15 and keeps a Buy rating on the shares. The firm noted they reported upside 4Q24 results and provided mixed initial 2025 guidance versus the Street. Management noted it is bullish on Nigeria in 2025 given lack of exposure to U.S. tariff policies, potential carrier capex increases, and stabilizing fiscal conditions.