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.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsData Processing & Outsourced ServicesInformation TechnologyJ.P. Morgan
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