Information Services upgraded to Outperform from Market Perform at Raymond James

Raymond James analyst Stephen Boland upgraded Information Services to Outperform from Market Perform with a price target of C$30, up from C$27. On Wednesday, Information Services announced an extension of the MSA currently in place with the Province of Saskatchewan, under which the company will maintain exclusive rights to operate the Saskatchewan registries until at least 2053, the analyst tells investors in a research note. This is a positive development, as there was uncertainty as to what would happen after the original MSA expiration date of 2033, the firm says.