Benchmark Maintains a 'Hold' on Dun & Bradstreet (DNB); Adjusting PT on Expected 2H Bounce

March 30, 2012 10:20 AM EDT
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Price: $9.15 --0%

Rating Summary:
    7 Buy, 11 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Benchmark maintains a 'Hold' on Dun & Bradstreet (NYSE: DNB) price target raised from $75 to $82.

Analyst, Edward J. Atorino, said, "We are lowering our 1Q12 and 2Q12 estimates as we believe the year is off to a slow start. However, we are maintaining our full year estimates on expected improvement in the second half of 2012." (Sees Q1 revs of $396 mln and EPS of $1.39, FY12 rev of $1.72 bln and EPS of $6.85)

"D&B’s high proportion of subscriber-based revenues provides a relatively high degree of revenue stability with high margins, especially in its North American operations which account for roughly 75% of revenues but are showing low-single digit growth y/y at present. International operations are focused on growth in emerging markets with double-digit revenue growth, due primarily to
acquisitions."

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 $84.25 yesterday.


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