Keefe, Bruyette & Woods Downgrades Lender Processing Services (LPS) to Market Perform; Too Much Uncertainty
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Price: $37.30 --0%
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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.
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.
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