NIQ initiated with an Outperform at BMO Capital

BMO Capital initiated coverage of NIQ (NIQ) with an Outperform rating and $24 price target The company provides consumer measurement data and analytics to retailers and consumer goods companies, the analyst tells investors in a research note. The firm expects mid-single-digit revenue growth for NIQ over the long-term from subscription price increases as well as expansion into smaller markets and new verticals. It sees an attractive entry point given the stock’s recent weakness.