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Out of the Gate: NeuStar Shares Rise



By AP
07 February 2008 @ 10:24 am EST

NEW YORK - Shares of NeuStar Inc. rose Thursday morning, the day after dropping sharply following guidance that fell far short of Wall Street's expectations.

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Quotes
NSR 15.47 0.01

SYMBOL LOOKUP

The stock added $2.12, or 9.8 percent, to $23.62 after the opening bell. On Wednesday the stock lost more than 25 percent of its value.

Avondale Partners analyst John Bright said the sell-off gives investors an "opportunistic entry point," and noted the company's strong performance recently.

"NeuStar continues to maintain a defensive profile, with little exposure to overall macro trends, and a strong balance sheet," Bright said in a client note.

He kept his "Market Outperform" rating on the stock, but cut his price target to $29 from $36 due in part to the lowered outlook.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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