Jefferies Reiterates a 'Buy' on MICROS Systems (MCRS); Updating Model After 10-Q

Jefferies reiterates a 'Buy' on MICROS Systems (NASDAQ: MCRS) price target raised from $58 to $60.

Jefferies analyst says, "We have updated our model to include the Balance Sheet and Cash Flow breakout provided in MCRS' F2Q12 10-Q but have left our EPS forecasts unchanged. Commentary around F2Q12 results was broadly consistent with mgmt's discussion on the EPS call, though the filing mentioned a top-line benefit from international companies acquired LTM (no additional detail)."

For an analyst ratings summary and ratings history on MICROS Systems click here. For more ratings news on MICROS Systems click here.

Shares of MICROS Systems closed at $52.13 yesterday.

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