Imperial Capital Lifts PT on ADT (ADT), Anticipates Continued Growth

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Following the company's Q1 earnings report yesterday, Imperial Capital maintained an Outperform rating on ADT (NYSE: ADT) and raised its price target to $54.00 (from $53.00). ADT Corporation reported Q1 EPS of $0.44, $0.01 better than estimates on revenue of $809 million.

Commenting on the stock, analyst Michael Kim said, "We anticipate continued growth of recurring service revenue and we highlight accelerating adoption of the 'Pulse' interactive offering at significantly higher pricing. We also expect ADT to maintain its target leverage of 2.0x, which supports further stock buybacks."

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

Shares of ADT closed at $48.00 yesterday, with a 52 week range of $35.38-$49.10.

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