Deutsche Bank Downgrades Advisory Board Company (ABCO) to Hold; Valuation Call
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Price: $53.83 --0%
Rating Summary:
7 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
7 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Deutsche Bank downgraded Advisory Board Company (NASDAQ: ABCO) from Buy to Hold.
Deutsche analyst says, "We are lowering our recommendation on The Advisory Board as ABCO has achieved our $57 price target, which we are leaving unchanged. We also make no changes to our estimates. At 42x our CY11E EPS, ABCO is trading at the high end of its historical trading range, so we reduce our rating due to its full valuation. We advise investors to switch into Huron Consulting due to its also high exposure to hospital consulting, more attractive valuation, and higher probability of a guidance raise, in our view."
For more ratings news on Advisory Board Company click here and for the rating history of Advisory Board Company click here.
Shares of Advisory Board Company closed at $57.88 yesterday.
Deutsche analyst says, "We are lowering our recommendation on The Advisory Board as ABCO has achieved our $57 price target, which we are leaving unchanged. We also make no changes to our estimates. At 42x our CY11E EPS, ABCO is trading at the high end of its historical trading range, so we reduce our rating due to its full valuation. We advise investors to switch into Huron Consulting due to its also high exposure to hospital consulting, more attractive valuation, and higher probability of a guidance raise, in our view."
For more ratings news on Advisory Board Company click here and for the rating history of Advisory Board Company click here.
Shares of Advisory Board Company closed at $57.88 yesterday.
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