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UPDATE: Piper Jaffray Reiterates Neutral Rating, Lowers PT on Nielsen Holdings

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In a report published Wednesday, Piper Jaffray & Co. reiterated its Neutral rating on Nielsen Holdings N.V. (NYSE: NLSN), but lowered its price target from $28.00 to $26.00.

Piper Jaffray noted, “We are reducing our FY12E estimates following NLSN proactively lowering constant currency revenue growth guidance to 5-6% (from 5-7%). Heading into Q2 earnings, we believe the stock will react less to results given expectations have been reset with the recent guidance reduction and more on the confidence the company has in achieving its new constant currency growth range.”

Nielsen Holdings N.V. closed Tuesday at $26.05.

Latest Ratings for NLSN

DateFirmActionFromTo
Apr 2016CitigroupMaintainsBuy
Mar 2016Sterne Agee CRTInitiates Coverage onBuy
Mar 2016Morgan StanleyDowngradesOverweightEqual-weight

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Posted-In: Piper Jaffray & Co.Analyst Color Price Target Analyst Ratings

 

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