UPDATE: Benchmark Reiterates Buy Rating, Raises PT on Nielsen Holdings on 4Q Results
In a report published Friday, Benchmark reiterated its Buy rating on Nielsen Holdings (NYSE: NLSN), and raised its price target from $36.00 to $38.00.
Benchmark noted, “On Monday, AC Nielsen (NLSN-Buy, PT from $36 to $38) reported 4Q results, with growth in Information Services and Watch revenue offsetting declines in Insights and Expositions, resulting in total revenue of $1.46 billion vs. our $1.43 billion estimate, up 3% y/y (4% ex-FX), but below consensus at $1.48 billion. Adjusted EPS was $0.62, up 22% y/y vs. 0.51 in 2011, above our $0.59 estimate and consensus at $0.58. Adjusted EBITDA was $457 million, up 6% y/y, with a 31% margin exceeding our estimate of $434 million.”
Nielsen Holdings closed on Thursday at $32.55.
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