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DigitalGlobe (DGI) Merger With GeoEye (GEOY) is 'Transformational'

February 7, 2013 3:15 PM EST Send to a Friend
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Price: $30.51 -2.46%

Rating Summary:
    7 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 21
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On January 31st, DigitalGlobe (NYSE: DGI) closed a merger with GeoEye, Inc. (Nasdaq: GEOY). According to Jefferies analyst Howard A. Rube, the transaction is "transformational" and should support DigitalGlobe's lead in imagery.

"The merger substantially improves DGI's long-term prospects. Double digit growth in Free Cash Flow and profitability seem likely," said Rube.

Jefferies reiterated a Buy rating on DigitalGlobe and raised its price target to $36.00 (from $32.00).

For an analyst ratings summary and ratings history on DigitalGlobe (NYSE: DGI) click here. For more ratings news on DigitalGlobe click here.

Shares of DigitalGlobe closed at $28.24 yesterday.




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