Goldman Sachs Upgrades CA (CA) to Neutral

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Goldman Sachs upgraded CA (NASDAQ: CA) from Sell to Neutral, while maintaining their $25 price target.

The analyst notes shares are trading down 1% year-to-date, versus a 5% rise in the S&P 500, and are near a historic low multiple. The firm said the shares' risk/reward profile has improved.

Goldman sees the potential for revenue growth to show some acceleration in FY12 "as bookings from the downturn period start to roll off the P&L and bookings from the recovery period start to roll on."

For more ratings news on CA click here and for the rating history of CA click here.

Shares of CA closed at $24.18 yesterday, with a 52 week range of $17.70-$25.68.

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