Gilford Securities Upgrades Arbitron to Buy

Gilford Securities upgraded its Arbitron (NYSE: ARB) rating from Hold to Buy in a research report published today.

In the report, Gilford Securities states, "ARB's EBITDA multiple and P/E-Growth ratio have dramatically come down the past few months, without its recurring rev. fundamentals shifting. Add in the potential of ARB regaining the Cumulus small market diary business (not sure it gets Saga back yet) and pristine balance sheet spurring ARB to return to big buybacks."

Shares of Arbitron closed today at $33.12, down 3.16% from Wednesday's market close.