Shlomo Rosenbaum, an analyst at Stifel, raised Dun & Bradstreet Corp DNB from Hold to Buy this morning. He cited many factors he believes will help leverage the company for the future.
Rosenbaum is initially establishing a $150 price target.
Through the report, Rosenbaum mentions growth multiple times, as he sees Dun & Bradstreet as a stock with substantial upside.
A few factors for the upgrade include:
- Business improvement in Compliance
- Data Service
- DNB Direct
- Strategic M&A acquisitions (to add growth to 2016 fundamental strength)
Rosen even gave opportunistic investors strategic advice regarding Dun & Bradstreet stating, “We suspect there was some short-covering following the earnings report which could lead to some subsequent price pull back – we advise investors to take advantage of any pullback to initiate or increase their positions.”
As of Wednesday afternoon, Dun & Bradstreet is trading up 3.89 percent at $130.57.
Rosenbaum’s price target would assume an upside of 15 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.