tiprankstipranks
Trending News
More News >

IHS Holding price target raised to $7 from $6 at Citi

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:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue