Dun & Bradstreet gains as BofA upgrades to 'buy'

Dun & Bradstreet Holdings

17/01/2023 16:58

** Business analytics firm Dun & Bradstreet Holdings Inc's
shares  DNB.N  gain 3.6% to $13.6
    ** BofA Global Research upgrades stock to "buy" from
"neutral", raises PT to $15.5 from $14
    ** Brokerage says co is recession-resilient with
idiosyncratic growth driver
    ** BofA notes DNB's high recurring revenue, multi-year
contracts and customer retention
    ** Brokerage anticipates profit margin expansion for DNB in
2023 up to 50 basis points on organic sales growth and waning
cost pressures
    ** Seven of 14 brokerages rate the stock "buy" or higher,
six "hold" and one "sell"; their median PT is $15.75 -Refinitiv
data
    ** Shares of DNB had slumped 40.1% in 2022
 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))