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Fly News Breaks for February 27, 2020
Feb 27, 2020 | 15:20 EDT
SunTrust analyst Matthew Thornton maintained a Buy rating and $25 price target on Nielsen (NLSN) following the company's Q4 earnings results. The analyst said the earnings and the FY20 guidance were both in-line and"solid," and added that the Connect spin-off is still tracking for the second half of the year with non-recurring cash separation costs higher than he expected, which was the analyst's one incremental negative. Thornton also noted that FY20 is expected to be second half weighted, with guidance that "assumes a 50bps headwind to Connect growth from coronavirus."
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