Goldman Sachs Downgrades Computer Sciences (CSC) to Sell
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Price: $69.01 --0%
Rating Summary:
5 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 19
Rating Summary:
5 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 19
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Goldman Sachs downgraded Computer Sciences (NYSE: CSC) from Neutral to Sell with a price target of $32 (from $39), suggesting 16% downside.
The firm said the next leg down in the stock will result from high exposure to the Dept of Defense, which is expected to face significant budget cuts over the next few years.
For more ratings news on Computer Sciences click here and for the rating history of Computer Sciences click here.
Shares of Computer Sciences closed at $37.93 yesterday.
The firm said the next leg down in the stock will result from high exposure to the Dept of Defense, which is expected to face significant budget cuts over the next few years.
For more ratings news on Computer Sciences click here and for the rating history of Computer Sciences click here.
Shares of Computer Sciences closed at $37.93 yesterday.
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