RBC Capital Assumes Clarivate Plc (CLVT) at Outperform

August 4, 2021 5:45 AM EDT
Get Alerts CLVT Hot Sheet
Price: $24.17 +0.67%

Rating Summary:
    5 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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RBC Capital analyst Ashish Sabadra assumes coverage on Clarivate Plc (NYSE: CLVT) with a Outperform rating and a price target of $29.00.

The analyst comments "CLVT is a leader in research intelligence solutions with a large addressable market of $100bn+. It has a recession-resilient business model, and revenue growth should improve to 6-8% exiting 2021. Accretion from the pending ProQuest acquisition along with cost synergies from the CPA Global and DRG acquisitions bode well for accelerated double-digit earnings growth and upside to consensus estimates. The company has strong leadership with solid execution and M&A track record. We believe the pullback has created an attractive buying opportunity. We assume coverage with Outperform and a $29 target price."

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

Shares of Clarivate Plc closed at $23.16 yesterday.

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