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Fly News Breaks for August 20, 2018
NLSN
Aug 20, 2018 | 08:30 EDT
After Nielsen recently lowered its guidance, announced the retirement of its CEO, and said its Buy segment is under strategic review, Citi analyst Jason Bazinet said he sees two paths forward. If Nielsen sells Buy, the stock could go to $29; if all of Nieslen is sold, it could fetch $34 per share, estimates Bazinet. He assumes equal odds of either transaction, leading to his lowered price target of $31. Bazinet keeps a Buy rating on Nielsen shares.
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