Citi raised the firm’s price target on IHS Holding (IHS) to $7 from $6 and keeps a Buy rating on the shares. The firm updated the company’s model following the Q1 results and management commentary from the earnings call. IHS’s underlying normalized organic growth “was fine” in Q1, while financials generally outperformed on the timing of interest expense and slower decommissioning of previously disclosed churn in Nigeria, the analyst tells investors in a research note. Citi sees prospects for some multiple expansion.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IHS:
- IHS Holding’s Strong Performance and Strategic Moves Justify Buy Rating and Target Price Increase
- IHS Towers Unveils 2024 Sustainability Achievements
- IHS Holding price target raised to $17 from $16 at TD Cowen
- IHS Holding Reports Strong Q1 2025 Financial Results
- IHS Holding Ltd. Reports Strong Earnings and Positive Outlook
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue