UPDATE: Citigroup Raises PT to $38 on Nielsen Holdings on Bullish Outlook
Citigroup maintained Nielsen Holdings (NYSE: NLSN) with a Buy rating and raised the price target from $35.00 to $38.00.
Citigroup commented, "Buy NLSN. Its solid initial 2013 outlook and good 4Q results support our bullish view i.e., consistent levels of revenue growth and margin expansion in almost any economic environment, combined with balance sheet deleveraging, drives solid double-digit EPS growth. To this, NLSN now adds the return of meaningful levels of cash to shareholders via a $0.16/share qtrly dividend, which equates to a 2% yield at current levels. On the Arbitron acquisition, NLSN indicated that the deal is still under regulatory review, and we remain positive on the acquisition from a strategic standpoint."
Nielsen Holdings closed at $32.67 on Monday.
Latest Ratings for NLSN
|Sep 2016||Cantor Fitzgerald||Initiates Coverage on||Hold|
|Aug 2016||Macquarie||Initiates Coverage on||Outperform|
|Jul 2016||JP Morgan||Maintains||Overweight|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.