NIQ initiated with a Buy at Needham

Needham initiated coverage of NIQ (NIQ) with a Buy rating and $24 price target The firm has NIQ offers a global consumer insights platform, focusing on the “fast-moving” consumer goods and durables verticals. The company’s organic growth has reached a “solid” mid-single digit pace and margins have expanded, the analyst tells investors in a research note. Needham sees NIQ’s cash flow conversion improving.