IHS Holding price target lowered to $7 from $8 at Goldman Sachs

Goldman Sachs analyst Brett Feldman lowered the firm’s price target on IHS Holding to $7 from $8 and keeps a Buy rating on the shares. The company’s Q3 results featured solid financials and an unchanged 2023 outlook, despite continued pressure on the Nigerian Naira, the analyst tells investors in a research note. The firm adds that IHS’ operating performance in the quarter reflects solid leasing activity across the company’s key markets in Africa and Latin America as carriers add capacity to their 4G networks and begin 5G deployments, stating that these trends are expected to persist.