Wedbush Maintains a 'Neutral' on SkillSoft (SKIL); Valuation Less Attractive Vs. Peers

November 20, 2009 9:16 AM EST

Wedbush maintains a Neutral rating on SkillSoft plc (Nasdaq: SKIL), price target increased from $10.50 to $11.

Wedbush analyst says, "While SkillSoft's valuation and return to our target is less attractive relative to other names in our coverage universe, we maintain a positive bias on the name and look to be more constructive at lower levels. A good quarter, with 2H EPS upside driven largely by lower-than-expected sales and marketing expenses. Despite good results, it remains unclear to us whether SkillSoft can generate meaningful revenue and EPS growth next year. Q3 revenue and EPS higher than our and consensus expectations."

To see all the upgrades/downgrades on shares of SKIL, visit our Analyst Ratings page.

SkillSoft Public Limited Company provides on-demand e-learning and performance support solutions for enterprises, government, education, and small and medium-sized businesses worldwide.

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