Needham analyst Kyle Peterson lowered the firm’s price target on NIQ Global (NIQ) to $21 from $24 and keeps a Buy rating on the shares. The company’s Q4 results beat Street estimates on revenue and EBITDA as strong client demand and ongoing efficiency initiatives helped produce a strong quarter, the analyst tells investors in a research note. The firm adds however that its reduced price target reflects lower market multiples for info services stocks.
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