ACI Worldwide (ACIW) Upgraded to Outperform at Wedbush, Price Target Up to $26
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Price: $45.21 +0.74%
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade ACIW Now!
Wedbush upgrades ACI Worldwide (Nasdaq: ACIW) from Neutral to Outperform and raises the price target from $21 to $26. The firm cites strong execution and upside to guidance.
The firm believes ACI is "a market leader in a segment with pent up secular demand, and continues to move toward a doubling of its addressable market." The firm also thinks "strong execution on cost containment has put ACI on track to exceed expectations this year."
Wedbush raises its FY10 EPS estimate from $0.76 to $0.87 and increases its FY11 estimate from $0.89 to $1.18. The Street is looking for FY10 EPS of $0.82 and FY11 EPS of $1.07.
To see all the upgrades/downgrades on shares of ACIW, visit our Analyst Ratings page.
ACI Worldwide, Inc. develops, markets, installs, and supports software products and services to facilitate electronic payments worldwide.
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The firm believes ACI is "a market leader in a segment with pent up secular demand, and continues to move toward a doubling of its addressable market." The firm also thinks "strong execution on cost containment has put ACI on track to exceed expectations this year."
Wedbush raises its FY10 EPS estimate from $0.76 to $0.87 and increases its FY11 estimate from $0.89 to $1.18. The Street is looking for FY10 EPS of $0.82 and FY11 EPS of $1.07.
To see all the upgrades/downgrades on shares of ACIW, visit our Analyst Ratings page.
ACI Worldwide, Inc. develops, markets, installs, and supports software products and services to facilitate electronic payments worldwide.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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