IHS Holding price target raised to $8 from $7 at Barclays

Barclays raised the firm’s price target on IHS Holding to $8 from $7 and keeps an Overweight rating on the shares. The share price has been continuously negatively impacted by governance disputes and the contract loss with its largest shareholder and customer, MTN, but also recent Naira devaluation, the analyst tells investors in a research note. However, IHS announced that it has extended its Nigeria deal with Airtel Africa, “in what seems the start of a reversal in fortunes,” says the firm.