Wells Fargo Starts Neustar (NSR) at Market Perform; Modestly Attractive Growth Opportunities, But Uncertainty Remains

Wells Fargo initiates coverage on Neustar (NYSE: NSR) with a Market Perform. PT range $37-$38.

Wells analyst says, "We think NSR is a defensive stock and that the company exhibits a fairly attractive long-term revenue growth profile. NSR’s incumbent position with the Number Portability Administration Center (NPAC) database provides a high level of revenue visibility. Furthermore, we believe that potential revenue with the recently acquired TARGUSinfo could help NSR drive improved top-line growth longer term. However, we think uncertainty around the NPAC contract renewal and potential repricing risk will limit multiple expansion for the next 12 months."

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 $34.68 yesterday.

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