Piper Jaffray Maintains Neutral Following Dun & Bradstreet's (DNB) First Investor Day in Two Years

Piper Jaffray maintains a Neutral rating and $125.00 price target on Dun & Bradstreet (NYSE: DNB) after the company's first investor day in two years. Analyst Peter Appert said that in 2017 and beyond the company expects to sustain mid-single digit revenue growth with margin improvement of 50bps/year.

Appert commented, "We are Neutral rated on DNB, but the company's first investor day in two years leaves us more intrigued with the Dun & Bradstreet value story. Improved and more consistent revenue growth (likely still a couple of quarters away) will be a key proof point that management's turnaround initiatives are working."

Appert also added, "Calling 2016 an "inflection year", the company offered preliminary guidance calling for mid-single digit 2016 organic revenue growth, with margins flat-to-up. In 2017 and beyond the company expects to sustain mid-single digit revenue growth with margin improvement of 50bps/year. The company views a growing product portfolio (with new offerings in digital marketing, compliance, and supply chain management) as key contributors to an expanded addressable market, now estimated at $24B."

For an analyst ratings summary and ratings history on Dun & Bradstreet click here. For more ratings news on Dun & Bradstreet click here.

Shares of Dun & Bradstreet closed at $127.73 yesterday.

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