Gilford Securities Reiterates Buy Rating on Dun & Bradstreet (DNB)

Gilford Securities is out with a research report this morning, where it reiterates its Buy rating on The Dun & Bradstreet Corp. DNB; it has a $98.00 price target on the stock. The GS analysts noted that they see a 2011 upswing, with credit access starting to pick up and early-pipeline businesses, such as the railroads, seeing increased traffic, when combined with DNB's new products and dominant position in actionable credit data. The analysts added that, 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. As for valuation, the analysts remarked, “Target is based on a 16x P/'11E Earnings compared to past 12x-25x range, on top of upside to ‘11E. That would be a 1.35x P/E-G.”