J.P. Morgan Ups PT On NSR To $29

J.P. Morgan, citing strong results in the 2Q, is slightly raising its price target on Neustar NSR from $28 to $29. In its report, J.P. Morgan writes, “Neustar reported solid 2Q results, as non-NPAC businesses drove upside and Converged Messaging finally goes into discontinued operations, taking EBITDA guidance higher. Management has done a good job under-promising and over- delivering on EBITDA thus far, and we think there is further room for this in 2H.” J.P. Morgan maintains a Neutral rating on the stock. NSR closed yesterday at $25.64.