IHS Holding price target raised to $6.25 from $5.50 at Goldman Sachs

Goldman Sachs raised the firm’s price target on IHS Holding (IHS) to $6.25 from $5.50 and keeps a Neutral rating on the shares. The firm expects the stock to trade higher following a quarter that was above Street expectations, with an uptick to financial guidance, the analyst tells investors in a research note. The company has taken the right actions to streamline its operations in light of past macro volatility, and the carrier spending outlook across most of its operating geographies is now stable to improving, the firm added.