
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 |