Dun & Bradstreet upgraded to Strong Buy from Outperform at Raymond James

Raymond James analyst Patrick O’Shaughnessy upgraded Dun & Bradstreet to Strong Buy from Outperform with an unchanged price target of $18. The analyst believes the company is making “clear operational progress” and is increasingly confident in Dun & Bradstreet’s ability to achieve its medium-term targets of 5% to 7% organic revenue growth, 50 to 100 basis points of margin expansion, and up to low double digit earnings growth. Additionally, the company’s non-operating headwinds should become less impactful going forward as both interest expense and pre-IPO shareholder ownership move lower, the analyst tells investors in a research note.