Oppenheimer Maintains Outperform on ATA Inc. (NASDAQ: ATAI), Cuts Price Target

August 8, 2012 11:24 AM EDT Send to a Friend
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Price: $4.19 -0.71%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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Today Oppenheimer maintained an Outperform rating on ATA Inc. (NASDAQ: ATAI) but cut the price target on the stock to $10.00 (from $15.00).

"ATA was able to maintain full-year top/bottom-line guidance thanks to recently being engaged as the provider of China's first computer-based CPA exam," said analyst Ella Ji.

"We continue to favor ATA given its dominant position in the fast growing computer-based testing industry (mgmt commented on strong pipeline) and large opportunities in private sector tests."

The price cut reflects near-term uncertainties due to macro slowness.

For an analyst ratings summary and ratings history on ATA Inc. click here. For more ratings news on ATA Inc. click here.

Shares of ATA Inc. closed at $4.40 yesterday.


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