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Fly News Breaks for May 26, 2017
NLSN
May 26, 2017 | 06:19 EDT
Deutsche Bank analyst Kevin McVeigh says current fundamentals imply a $35-$40 share price target for Nielsen. To reflect an incrementally more cautious view on both Watch and Buy, McVeigh lowered his price target for the shares to $40 from $44. The analyst sees the potential for increased competition saying the shift to digital from linear has the potential to cause disruption in Watch, McVeigh tells investors in a research note. He sees no clear catalyst to drive the stock higher near term and keeps a Hold rating on Nielsen.
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