Wedbush Upgrades Amdocs Ltd. (DOX) to Outperform; Growth Prospects and Market Position Appear Solid

Wedbush upgraded Amdocs Ltd. (NYSE: DOX) from Neutral to Outperform. PT increased from $32 to $37.

Wedbush analyst said, "Checks indicate Amdocs is gaining traction in emerging markets, smaller operators, and new products...We expect a positive benefit from AT&T’s (NYSE: T) potential acquisition of T-Mobile USA...Raising estimates as we expect growth at the high end of Amdocs’ guidance." (Wedbush raises FY11 EPS estimate from $2.28 to $2.30 and FY12 from $2.58 to $2.65)

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

Shares of Amdocs Ltd. closed at $29.97 yesterday.

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