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Clinton-linked Acxiom +6.1% as Cantor reiterates Buy

Published 11/07/2016, 03:38 PM
Clinton-linked Acxiom +6.1% as Cantor reiterates Buy
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  • Acxiom's (NASDAQ:ACXM) getting a boost, up 6.1% and recouping declines of the past week, as Cantor Fitzgerald expects solid earnings coming after the closing bell today.
  • The marketing services company's connectivity business is likely to drive results, according to Cantor's Kip Paulson, who reiterated a Buy rating and a $31 price target, implying 36% upside from yesterday's close.
  • Analyst consensus is for the company to make $0.11/share (non-GAAP; a $0.01/share loss is expected in GAAP terms) on revenues of $215.6M, and EBITDA of $33.1M.
  • A Clinton victory tomorrow wouldn't hurt a bit from the company's perspective: Based in Little Rock, Ark., it's reportedly had longtime ties to the Clintons and has donated $1M to the Clinton Foundation, according to Ad Age. The market's 2% rally today overall is being attributed to relieved expectations for FBI action tied to Hillary Clinton's e-mail server issue.

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