UPDATE: Deutsche Bank Initiates IHS at Hold on Organic Growth Acceleration

In a report published Monday, Deutsche Bank analyst Paul Ginocchio initiated coverage on IHS (NYSE: IHS) with a Hold rating and $110.00 price target.

In the report, Deutsche Bank noted, “After two years of internal focus and recent softness in non-subscription revenue, IHS should start to accelerate its organic growth. RL Polk should boost IHS adj. EPS by about 10% in FY14E (it is not in our estimates), but will drive IHS's ROIC lower. We love the financial characteristics of IHS and the information service industry overall, but we think much of IHS's FY15 plan is already priced into consensus and the share price.”

IHS closed on Friday at $109.77.