Updating our Aggressive stocks: Dun & Bradstreet Inc.

Article Excerpt

DUN & BRADSTREET HOLDINGS INC. $25 (www.dnb.com) is a buy. The company is a global provider of information and data analytics. Operating since 1841, it has more than 135,000 clients, including 90% of the Fortune 500. These customers access Dun & Bradstreet’s comprehensive information and data on more than 360 million global businesses. Dun & Bradstreet was a Wall Street Stock Forecaster recommendation until early 2019. That’s when a consortium of investors paid $7.0 billion to take the public company private. However, on July 1, 2020, the company completed an initial public offering of 78.3 million shares at $22 each to raise $1.7 billion. Dun & Bradstreet plans to use some of the funds it raised to redeem $400.0 million of preferred shares held by the controlling shareholders; it will also pay down its total debt of $4.05 billion (as of March 31, 2020). The well-regarded company offers investors an attractive combination of its big customer base and its vast database. Moreover, demand for accurate credit information is likely…

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