Fly News Breaks for March 28, 2019
NLSN
Mar 28, 2019 | 07:05 EDT
SunTrust analyst Matthew Thornton kept his Buy rating and $28 price target on Nielsen, stating that while speculation in New York Post about Blackstone backing out of its bid has hit the price by over 10% afterhours, a separate source reported that the bidding process is "still "very much alive". The analyst states that given the conflicting reports, he is "not convinced that the outcome probabilities have changed that much", adding that the risk-reward on Nielsen is looking "more favorable" with the stock now trading near the "failed transaction valuation".
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