Neustar (NSR) PT Reduced to $24 at Deutsche Bank

Deutsche Bank maintained a Hold rating on Neustar (NYSE: NSR) and lowered its price target to $24.00 (from $37.00).

Analyst Nandan Amladi said, "Just before the close of trading on Friday, an email document marked confidential was posted on the FCC website, the contents of which suggest NANC has recommended selecting iConectiv (the Telcordia unit of Ericsson) as the vendor for NPAC. NSR stock sold off in the final minutes and postclose. The document appears to have been published inadvertently and has since been removed from the FCC website. While the potential for legal wrangling exists between NeuStar, Telecordia, NANC and the FCC, we see a real possibility that the “black swan” scenario plays out and lower our price target to $24 from $37 earlier."

For an analyst ratings summary and ratings history on Neustar click here. For more ratings news on Neustar click here.

Shares of Neustar closed at $26.67 yesterday.

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