BUZZ-Brokerages initiate coverage on Advent-backed NIQ as quiet period winds down

Reuters
Aug 18
BUZZ-Brokerages initiate coverage on Advent-backed NIQ as quiet period winds down

** Shares of consumer insights company NIQ Global NIQ.N up ~2% premarket

** At least nine brokerages initiate coverage on the stock as research quiet period winds down

** Company secured a valuation of $6.1 billion after shares opened at $20.25 apiece in its NYSE debut, slightly below IPO price of $21 per share

** NIQ is the leader in global consumer product measurement and a primary "system of record" for CPG (consumer packaged goods) manufacturers - J.P.Morgan

** Brokerage Needham believes the health of the business has improved substantially since NIQ exited the public spotlight in 2021

** J.P.Morgan, BofA Securities and UBS Investment Bank were among the underwriters for the IPO

** Following are some of the ratings and PTs on the stock:

Brokerage

Rating

PT

J.P.Morgan

Overweight

$21

Barclays

Overweight

$24

Wells Fargo

Overweight

$21

Stifel

Buy

$24

BMO

Outperform

$24

Deutsche Bank

Hold

$21

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10