UPDATE: Piper Jaffray Reiterates Neutral Rating, Lowers PT on Nielsen Holdings
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
|Jul 2016||BMO Capital||Downgrades||Outperform||Market Perform|
|Mar 2016||Sterne Agee CRT||Initiates Coverage on||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.