Piper Jaffray Starts IMS Health Holdings (IMS) at Overweight

Piper Jaffray initiates coverage on recent IPO IMS Health Holdings (NYSE: IMS) with a Overweight rating and a price target of $28.00.

Analyst Peter Appert comments, "We are initiating coverage of IMS Health with an Overweight rating following the company’s recent IPO. We view IMS as an attractive way to participate in growth and change in the global healthcare market, with a business model that has particularly compelling economic characteristics. We believe IMS Health should be a core holding for investors looking for Information Services exposure, with upside over the next 12 months that is both earnings- and multiple-driven. Our $28 12-month price target suggests >10% potential upside."

For an analyst ratings summary and ratings history on IMS Health Holdings click here. For more ratings news on IMS Health Holdings click here.

Shares of IMS Health Holdings closed at $25.21 yesterday.

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