Arbitron gets an upgrade

CL King analyst Jim Boyle has upgraded Arbitron's stock to "Accumulate" from "Neutral" and fixed a target price of 54 bucks. When Arbitron conducted its quarterly conference call last week, management reaffirmed its full year guidance for 2007 and indicated it was comfortable with its informal projection of double-digit revenue growth in 2008, whereas Boyle had expected the company to back off a bit.

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