Jefferies Starts Compuware (CPWR) at Buy
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Price: $10.97 +0.37%
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade CPWR Now!
Jefferies initiates coverage on Compuware (NASDAQ: CPWR) with a Buy. PT $11.00.
The firm states, "Compuware's growth assets will continue to have greater influence on the aggregate model and, with a more favorable mainframe renewal potlook, the company should see a combination of revenue growth acceleration and margin expansion. At 13x earnings and 12x cash flow we believe the risk-reward still favors the long side and are initiating with a Buy."
For more ratings news on Compuware click here and for the rating history of Compuware click here.
Shares of Compuware closed at $8.16 yesterday, with a 52 week range of $6.99-$12.25.
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The firm states, "Compuware's growth assets will continue to have greater influence on the aggregate model and, with a more favorable mainframe renewal potlook, the company should see a combination of revenue growth acceleration and margin expansion. At 13x earnings and 12x cash flow we believe the risk-reward still favors the long side and are initiating with a Buy."
For more ratings news on Compuware click here and for the rating history of Compuware click here.
Shares of Compuware closed at $8.16 yesterday, with a 52 week range of $6.99-$12.25.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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