Dun & Bradstreet price target lowered to $18 from $21 at Raymond James

Raymond James analyst Patrick O’Shaughnessy lowered the firm’s price target on Dun & Bradstreet to $18 from $21 and keeps an Outperform rating on the shares. Dun & Bradstreet’s initial 2023 non-GAAP EPS outlook was well below consensus expectations, but much of the downside is attributable to non-operating items and D&B’s organic, constant currency revenue outlook of 3.0%-4.5% is relatively consistent with consensus expectations, the analyst tells investors in a research note. The firm remains comfortable with the underlying story at D&B and still finds the valuation attractive.