RBC Capital lowered the firm’s price target on NIQ Global (NIQ) to $13 from $20 and keeps an Outperform rating on the shares. The company’s Q1 revenue and EBITDA beat estimates and the upper end of guidance amid strong demand in the Americas and EMEA, plus FX tailwinds, though the firm is reducing its price target to reflect a lower valuation multiple due to a broader Info Services sector de-rating, the analyst tells investors in a research note.
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