UPDATE: J.P. Morgan Upgrades Dun & Bradstreet Corp. to Neutral, Raises PT Following Management Meeting

In a report published Friday, J.P. Morgan analyst Andrew C. Steinerman upgraded the rating on

from Underweight to Neutral, and raised the price target from $77.00 to $100.00. In the report, J.P. Morgan noted, “On Thursday, we hosted D&B Chairman & CEO Sara Mathew, CFO Rich Veldran, and Director of IR Roger Sachs in New York. We are upgrading DNB from Underweight to Neutral, as we think the company has entered into a new phase of innovation and revitalization in its business, which has stagnated over recent years and allowed for the entrance of a competitor, Experian. We think D&B remains a ‘show me' story, with hopes of 2H13 growth spurred by recent new product introductions. Ongoing execution risk makes this a difficult juncture to have higher conviction yet, but management's credible plan for future growth abates our negative bias.” Dun & Bradstreet Corp. closed on Thursday at $97.46.