UPDATE: Color On Upgrade Of Dun & Bradstreet (DNB

Earlier today, Gilford Securities upgraded Dun & Bradstreet Corporation DNB to Buy from Hold. Now, Gilford Securities is providing color on DNB, which it says has flipped North American revenue to positive. “After six straight quarters of negative yr/ yr revenue in Q3, while International organic rev. was up 6%, pre-F/X. Deferred rev. was up 5% in Q3A whereas it was 3% in Q2A,” Gilford Securities writes. “New products are coming on-line and past investments are increasingly leveraged. “If the encouraging leading indicators and stabilizing macro trends continue, albeit unevenly, it is logical DNB's thousands of clients will need for actionable data and insights from surging global information to spur growth.” Gilford Securities adds that DNB aggressively returned about $2 billion of capital via $0.3B in dividends and $1.7B in share buybacks from '06 through '09. “We believe DNB can do more as economy improves, like a potl. dividend boost or more robust share buybacks,” Gilford Securities writes. Dun & Bradstreet Corporation currently trades at $84.35.