Morgan Stanley Sees A Strong F14 For Nielsen Holdings NV

In a report published Friday, Morgan Stanley analyst Suzanne E. Stein reiterated an Overweight rating and $52.00 price target on

. In the report, Morgan Stanley noted, “NLSN offers moderate top line growth, but we like the recurring nature of the business, potential upside from investments in new technology and emerging markets, and synergies we expect from the Arbitron acquisition. Investor concerns over leverage and the P/E overhang have diminished, and we see the global economy as less of a headwind in F14 (though not yet a tailwind). At 12.8x C14e Adj. EBITDA vs. the peer group's 13.2x, we find the stock attractive. Our price target implies a CY14e Adj. EBITDA multiple of 14.3x.” Nielsen Holdings NV closed on Friday at $45.27.