Jefferies Raises Price Target CA (CA) to $26
Get Alerts CA Hot Sheet
Price: $24.82 -0.4%
Rating Summary:
0 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
0 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Jefferies raised its price target on CA (NASDAQ: CA) from $21 to $26, but kept its Hold rating.
The firm comments, "Operationally, CA’s F3Q results were relatively inline. But the focus is on the company’s capital redeployment plan which will see a material increase with a target return to shareholders of $2.5bn through FY14. The magnitude of the commitment adds conviction to the sustainable cash flow growth outlook but also other strategic and operational plans including a more restrained acquisition agenda and more efficient operating structure."
For an analyst ratings summary and ratings history on CA click here. For more ratings news on CA click here.
Shares of CA closed at $22.82 yesterday.
The firm comments, "Operationally, CA’s F3Q results were relatively inline. But the focus is on the company’s capital redeployment plan which will see a material increase with a target return to shareholders of $2.5bn through FY14. The magnitude of the commitment adds conviction to the sustainable cash flow growth outlook but also other strategic and operational plans including a more restrained acquisition agenda and more efficient operating structure."
For an analyst ratings summary and ratings history on CA click here. For more ratings news on CA click here.
Shares of CA closed at $22.82 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Keurig Dr Pepper (KDP) PT Raised to $39 at Jefferies
- First Cash Financial (FCFS) PT Lowered to $140 at TD Cowen
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!