New Street: IHS Towers (Buy, TP: $20, +180%) Integrating Project Green in our model and comparisons with other EM Towers
We show in this short note our new forecasts for IHS Towers after integrating Project Green and revising forecasts following the upgraded guidance post Q3 results. Our thesis and price target remain unchanged. We also show in this note how IHS compares with the other EM telcos of our universe from a growth and valuation standpoint, which highlights that IHS shares are undervalued currently.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
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