Canaccord Genuity Maintains a 'Buy' on DigitalGlobe (DGI); EnhancedView Modifications Provide Upside

May 2, 2012 10:55 AM EDT
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Price: $29.45 --0%

Rating Summary:
    5 Buy, 6 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Canaccord Genuity maintains a 'Buy' on DigitalGlobe (NYSE: DGI) price target lowered from $18 to $16.

Analyst, Jeff Rath, said, "We maintain our rating, but have lowered our target to $16 (from $18) after DGI’s Q1/12 results. We continue to believe that success in the commercial business will likely drive a higher valuation multiple for DGI over time and are encouraged by the improving growth outlook, but we remain cautious on the macro for DGI’s D&I business."

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 $12.28 yesterday.

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