Fly News Breaks for February 28, 2020
Feb 28, 2020 | 08:08 EDT
Baird analyst Jeffrey Meuler downgraded Nielsen to Neutral from Outperform with a price target of $20, down from $25. The company's 2020 guidance implies continued Audience Measurement deceleration, minimal overall growth with flat to down margins, and continued weak free cash flow conversion, Meuler tells investors in a post-earnings research note. The analyst believes potential upside in the stock is "not commensurate with breadth of risks," including financial leverage, structural endmarket challenges, management changes and operational risks.
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