Piper Jaffray Meets With Management At DNB

Piper Jaffray is maintaining its Neutral rating and its $88 price target on The Dun & Bradstreet Corp. DNB after recent meetings with the company's management. In its report, Piper Jaffray writes, “A recent series of meetings with management served to boost our interest in the DNB investment story, although soft near-term revenue trends remain a limiting factor. We see significant opportunity for margin upside (and potential for P/E expansion) if the company is able to demonstrate more consistent revenue growth than we have seen over the past two years. This remains a "show-me" story, but we view the risk/reward as more attractive in the low-$70s.” DNB closed yesterday at $75.79.