Ipreo Acquisition, MarkitSERV Divestiture Leave Our Long-Term View for IHS Markit Intact
While we have a favorable view of the deals, a large change for our $46.50 per share valuation for wide-moat IHS Markit is unlikely after it announced plans to buy Ipreo (a provider of software and data products for various capital market participants) and intent to divest MarkitSERV (which sells derivatives processing tools). The news neither alters our moat rating nor our view that the firm’s competitive advantages are deepening. Our valuation assumes mid-single-digit sales growth with adjuste...
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