Brokerages initiate coverage on Advent-backed NIQ as quiet period winds down
** Shares of consumer insights company NIQ Global NIQ.N up ~2% premarket ** At least nine brokerages initiate coverage on the stock as research quiet period winds down ** Company secured a valuation of $6.1 billion after shares opened at $20.25 apiece in its NYSE debut, slightly below IPO price of $21 per share ** NIQ is the leader in global consumer product measurement and a primary "system of record" for CPG (consumer packaged goods) manufacturers - J.P.Morgan ** Brokerage Needham believes the health of the business has improved substantially since NIQ exited the public spotlight in 2021 ** J.P.Morgan, BofA Securities and UBS Investment Bank were among the underwriters for the IPO ** Following are some of the ratings and PTs on the stock:
| Brokerage | Rating | PT |
| J.P.Morgan | Overweight | $21 |
| Barclays | Overweight | $24 |
| Wells Fargo | Overweight | $21 |
| Stifel | Buy | $24 |
| BMO | Outperform | $24 |
| Deutsche Bank | Hold | $21 |
Recent news on NIQ Global Intelligence
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NIQ Global Intelligence PLC reports results for the quarter ended June 30 - Earnings Summary
NIQ Global Intelligence Q2 revenue rises, partly on pricing strength