Keefe, Bruyette & Woods Downgrades Lender Processing Services (LPS) to Market Perform; Too Much Uncertainty

Keefe, Bruyette & Woods downgraded Lender Processing Services (NYSE: LPS) to Market Perform. PT cut from $36 to $24.

KBW analyst says, "We are downgrading shares of LPS following last night's pre-announcement. In addition, we are lowering our 2011 adjusted EPS estimate to $2.80 from $3.58 and our 2012 adjusted EPS estimate to $3.57 from $3.99."

For more ratings news on Lender Processing Services click here and for the rating history of Lender Processing Services click here.

Shares of Lender Processing Services closed at $23.37 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• RBC Capital Downgrades Accelerant Holdings (ARX) to Sector Perform
• UBS Downgrades ASX Limited (ASX:AU) (ASXFY) to Neutral
• Nomura/Instinet Downgrades Korea Electric Power Corp. (015760:KS) (KEP) to Neutral