- Nielsen Holdings (NYSE:NLSN) is up 3.6% after an upgrade from BMO Capital Markets to Outperform, from Market Perform, on a "compelling opportunity for value investors seeking consistent (and growing) dividends."
- The analysts set a price target of $53, up from $46. Shares closed Friday at $46.45 and are trading at $48.14 (10% upside).
- Multiple expansion should come from Nielsen's revenue growth acceleration (growth of 5.4% for 2016 and 5.6% for 2017, in constant currency), the analysts say.
- New research offerings are driving contract renewals, BMO notes, and the company's now “better addressing the needs of a changing media landscape. This was not the case as recently as 6-12 months ago, but as more customers begin to use the new products, the tone is changing."