Barclays Maintains an 'Overweight' on Camelot Information Systems (CIS); Segment Reorganization Showed Initial Signs of Progress

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Barclays maintains an 'Overweight' on Camelot Information Systems (NYSE: CIS) maintains price target of $6.00.

Analyst, Darrin D. Peller, said, "With restructuring ongoing, but clearly contributing to business growth, the quarter provided an indication of further progress, and we continue to view the stock as a potential call option on the FIS turnaround and new revenue opportunities that may add medium-term upside for the company."

Barclays lowers FY12 EPS estimate from $0.40 to $0.36. Establishes FY13 at $0.60.

For an analyst ratings summary and ratings history on Camelot Information Systems click here. For more ratings news on Camelot Information Systems click here.

Shares of Camelot Information Systems closed at $3.32 yesterday, with a 52 week range of $1.75-$21.10.

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