UPDATE: Raymond James Upgrades Dun & Bradstreet (DNB) to Outperform

June 10, 2021 6:26 AM EDT
Get Alerts DNB Hot Sheet
Price: $16.93 -3.59%

Rating Summary:
    10 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 9 | New: 24
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(Updated - June 10, 2021 7:19 AM EDT)

Raymond James analyst Patrick O'Shaughnessy upgraded Dun & Bradstreet (NYSE: DNB) from Market Perform to Outperform with a price target of $26.00.

The analyst comments "We are upgrading shares of Dun & Bradstreet to Outperform from Market Perform and initiating a $26 target price. Recent share price underperformance has led to D&B trading at 18.1x our 2022 non-GAAP EPS estimate, and we now view the risk/reward as favorable. To that end, a $1 million open market purchase last week by CEO Anthony Jabbour is a vote of confidence in the company and stock. Lastly, we are encouraged by the company's increased optimism about pricing power."

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 $20.85 yesterday.

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