Information Services price target raised to $3.75 from $3.50 at Barrington

Barrington raised the firm’s price target on Information Services (III) to $3.75 from $3.50 and keeps an Outperform rating on the shares after Q3 revenue beat forecasts and earnings were in line with the firm’s forecast of 5c per share, but less than the FactSet consensus forecast of 6c. The company has a strong sales pipeline, which is especially robust in the Americas region, and the firm expects sales cycles to improve early next year in the Americas, which should result in a return to sequential growth in that region, the analyst tells investors.