Deutsche Bank Downgrades Arbitron (ARB) to Hold; Cutting Estimates on Concerns of Slowing Growth

Deutsche Bank downgraded Arbitron (NYSE: ARB) from Buy to Hold, price target lowered from $46 to $38.

Deutsche analyst says, "2012 guidance is disappointing, but of greater concern is possible deceleration in the core business beyond 2012 when the PPM price uplift has run its course. While new initiatives are in development, we now see a business with low-teens EPS growth through 2013. We lower our '12E EPS by 4% and '13 by 10%, and de-rate the multiple on concerns of lower growth. We believe the positive move in the shares yesterday now fully values the company, thus our downgrade."

"We are lowering 2012E EPS from $2.32 to $2.23 (-4%) and 2013E from $2.74 to $2.46 (-10%), including revenue of +5.7% and +4.5%, respectively."

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

Shares of Arbitron closed at $37.21 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Deutsche Bank Downgrades Qifu Technology (3660:HK) (QFIN) to Hold
• Honasa Consumer Ltd (HONASA:IN) PT Raised to INR720 at ICICI Securities
• Chemtrade Logistics Income Fund (CHE-U:CN) (CGIFF) PT Raised to Cdn$18.50 at Desjardins