BMO Capital Cut Estimates and Price Target on Electronics for Imaging (EFII); Guidance Weak

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BMO Capital maintains an 'Outperform' on Electronics for Imaging Inc. (NASDAQ: EFII) price target of $19.00 (from $20.00).

Analyst, Keith Bachman, said, "A solid quarter and monetization of real estate is offset by a very weak guide...We believe catalysts include greater buy backs with over $7/share in net cash post the sale of real estate, new accretive acquisitions (we think a slower economy will help the deal pipeline and valuations), and the improvement in controller growth rates with the launch of EFII and OEM products in early CY13."

FY13 EPS estimate cut from $1.48 to $1.35.

For an analyst ratings summary and ratings history on Electronics for Imaging Inc. click here. For more ratings news on Electronics for Imaging Inc. click here.

Shares of Electronics for Imaging Inc. closed at $15.33 yesterday, with a 52 week range of $12.71-$18.99.

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