Needham & Company Downgrades MICROS Systems (MCRS) to Hold Amid Takeover

June 23, 2014 11:50 AM EDT
Get Alerts MCRS Hot Sheet
Price: $67.99 --0%

Rating Summary:
    0 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 17 | New: 10
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Needham & Company downgraded MICROS Systems (NASDAQ: MCRS) from Buy to Hold following the takeover by Oracle.

"We believe this is a fair valuation with no likely competing bids, and therefore we are downgrading MCRS shares to HOLD," analyst Mayank Tando said.

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

Shares of MICROS Systems closed at $65.77 yesterday.

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