Needham & Company Reiterates a 'Buy' on Nielsen Holdings (NLSN); 2Q11 Preview

Needham & Company reiterates a 'Buy' on Nielsen Holdings (NYSE: NLSN), raises PT to $38.

Needham analyst says, "We are raising our 12-month Target Price for NLSN based on our upward revisions for revenue and earnings estimates. For FY11, we are raising our expectations to the upper end of management’s guidance as we believe the resurgence of advertising budgets will buoy NLSN’s financial performance. We expect both 2Q and 3Q EPS to be higher than we previously estimated. As a result of our raised expectations, we are raising our FY11 revenue estimate by 0.7% to $5.478B, up 7% y/y, and we are raising our FY11 Adjusted EPS by $0.02 to $1.52...we are raising our 2Q11 Operating EPS estimates by $0.04 to $0.23, and our 3Q11 Operating EPS estimates by $0.02 to $0.23."

For more ratings news on Nielsen Holdings click here and for the rating history of Nielsen Holdings click here.

Shares of Nielsen Holdings closed at $30.05 yesterday.

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