Canaccord Genuity Maintains a 'Buy' on GeoEye (GEOY); Waiting on 8-K Filing; is GEOY for Sale?
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Price: $35.83 --0%
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on GeoEye (NASDAQ: GEOY) price target of $45.25.
Canaccord analyst, Jeff Rath, said, "We maintain our rating and target on GEOY shares, and continue to believe that visibility from the EnhancedView award, coupled with traction in the commercial and international markets, provides good revenue diversification. However, we want to take the opportunity to point out that the official renewal of the EnhancedView award has not yet been confirmed...We continue to believe that large defense contractors could be possible acquirers."
For more ratings news on GeoEye click here and for the rating history of GeoEye click here.
Shares of GeoEye closed at $33.10 yesterday.
Canaccord analyst, Jeff Rath, said, "We maintain our rating and target on GEOY shares, and continue to believe that visibility from the EnhancedView award, coupled with traction in the commercial and international markets, provides good revenue diversification. However, we want to take the opportunity to point out that the official renewal of the EnhancedView award has not yet been confirmed...We continue to believe that large defense contractors could be possible acquirers."
For more ratings news on GeoEye click here and for the rating history of GeoEye click here.
Shares of GeoEye closed at $33.10 yesterday.
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