Oppenheimer Comments On NeuStar's Pre-Announced 3Q Results and $250M Buyback

Oppenheimer has published a research report on NeuStar

after the company pre-announced 3Q results that appear solid. In the report, Oppenheimer writes, "NSR positively pre-announced solid 3Q results last night as well as the acquisition of privately held TARGUSinfo for $650M. The acquisition should be ~$0.20 accretive to FY12E EPS and represents a sound strategic fit to NSR's data analytics business while providing it with greater distribution channels and cross-selling opportunities. In addition, NSR announced a $250M share repurchase plan to further rework its capital structure and also raised its organic FY11 guidance." Oppenheimer maintains its Perform rating on NeuStar, which is currently trading up $2.33 today from its $28.04 closing (Tuesday) price.