RBC Capital Cuts Price Target on KEYW Holding (KEYW) Following a Tough 3Q
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Rating Summary:
3 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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RBC Capital reiterated an Outperform rating on The KEYW Holding Corporation (NASDAQ: KEYW), and cut the price target to $11.00 (from $12.00), following the company's 3Q earnings report. KEYW reported Q3 sales of $81m, missing street estimates of $83m largely on Gov services. EBITDA of $0.7m was behind consensus $2.8m due to costs, mostly at Gov. EPS was $(0.20).
Analyst Steven Cahall commented, "We maintain our Outperform, Speculative Risk rating on KEYW and trim our price target to $11. While Gov had a tough Q3, Hexis results are gaining momentum and we see this supporting the long-term valuation."
For an analyst ratings summary and ratings history on The KEYW Holding Corporation click here. For more ratings news on The KEYW Holding Corporation click here.
Shares of The KEYW Holding Corporation closed at $7.39 yesterday.
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