Digitalglobe, Inc. (DGI): Operating Leverage Increasingly Evident After Management Visit - Piper Jaffray

Piper Jaffray analyst, Peter Appert, reiterated his Overweight rating on shares of DigitalGlobe (NYSE: DGI) along with his price target of $32.00. The analyst believes that improved revenue trends, impressive margin upside, and positive free cash flow dynamics have translated into strong outperformance from DGI shares in 2016 (up 78% YTD vs. 6.5% move in S&P500).

Additionally, the analyst thinks the market continues to underestimate the leverage in DGI's business model along with the potential scale of the market opportunity. This view is supported by a recent series of meetings the analyst hosted with CEO Jeff Tarr which served to reinforce his enthusiasm.

For an analyst ratings summary and ratings history on DigitalGlobe click here. For more ratings news on DigitalGlobe click here.

Shares of DigitalGlobe closed at $27.88 yesterday.

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