Barclays Cuts PT and Estimates on Solera Holdings (SLH); Caution Going Into Q2
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Price: $53.92 -1.25%
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade SLH Now!
Barclays maintains an 'Equalweight' on Solera Holdings (NYSE: SLH) price target of $42.00 (from $45.00).
Analyst, Manav Patnaik, said, "60%+ European exposure is the primary reason for our downward revisions and caution into the quarter...We also expect commentary
on: (a) the "next big" deal as alluded to last call; and (b) the renewal status of the
State Farm contract (~1-2% of sales)."
Patnaik cuts Q4 EPS by $0.01 to $0.56, revenues lowered from $196M to $194M.
For an analyst ratings summary and ratings history on Solera Holdings click here. For more ratings news on Solera Holdings click here.
Shares of Solera Holdings closed at $39.69 yesterday, with a 52 week range of $39.44-$60.26.
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Analyst, Manav Patnaik, said, "60%+ European exposure is the primary reason for our downward revisions and caution into the quarter...We also expect commentary
on: (a) the "next big" deal as alluded to last call; and (b) the renewal status of the
State Farm contract (~1-2% of sales)."
Patnaik cuts Q4 EPS by $0.01 to $0.56, revenues lowered from $196M to $194M.
For an analyst ratings summary and ratings history on Solera Holdings click here. For more ratings news on Solera Holdings click here.
Shares of Solera Holdings closed at $39.69 yesterday, with a 52 week range of $39.44-$60.26.
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