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.
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