Barclays Maintains an 'Overweight' on Dun & Bradstreet (DNB); 3Q11 Post Call: 'Great Investment Opportunity,' $500M Buyback

Barclays maintains an 'Overweight' on Dun & Bradstreet (NYSE: DNB) price target of $80.00.

Barclays analyst says, "3Q'11 Beat Aided by Top-Line Acceleration: Core revenues grew +8% y/y to $439M, an acceleration Q2's +5%. N.A. grew +2% vs. +1% in 2Q (all organic; Optimizer ~20%). International grew organically +5%, driven by China and better performance in Europe. Margin improvements continued due to ongoing financial flexibility initiatives. Operating Income of $119M (+14%) beat our/Streets' $110M/$106M (margins were up 100bps y/y); and Adjusted EPS of $1.42 (+17% y/y) beat our/Streets' $1.33/$1.35." (Barclays raises FY11 EPS estimate from $6.03 to $6.15 and FY12 from $6.30 to $6.45)

For more ratings news on Dun & Bradstreet click here and for the rating history of Dun & Bradstreet click here.

Shares of Dun & Bradstreet closed at $68.02 yesterday.

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