Jefferies Raises Target On Lionbridge Technologies (LIOX) Following Q4 Results
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Price: $5.75 --0%
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies raised its price target and adjusted estimates on Lionbridge Technologies (NASDAQ: LIOX) following Q4 results which the firm called "decent with margin improvement."
The price target goes from $2.75 to $3.00. Q1 EPS goes down from $0.06 to $0.02 and FY12 goes up from $0.27 to $0.30.
The firm comments, "4Q revs were below JEFe/Street/Guidance (with const-curr revs in line), but EPS beat JEFe, though was still below Street. EPS benefited from better than expected gross margins and FX, but tax benefit was negated by expense related to asset writedown. Increased investments in the business are starting to bear fruit but core business remains prone to lumpiness. We are increasing our PT to $3.00, from $2.75, but maintain Hold rating."
For an analyst ratings summary and ratings history on Lionbridge Technologies click here. For more ratings news on Lionbridge Technologies click here.
Shares of Lionbridge Technologies closed at $2.74 yesterday.
The price target goes from $2.75 to $3.00. Q1 EPS goes down from $0.06 to $0.02 and FY12 goes up from $0.27 to $0.30.
The firm comments, "4Q revs were below JEFe/Street/Guidance (with const-curr revs in line), but EPS beat JEFe, though was still below Street. EPS benefited from better than expected gross margins and FX, but tax benefit was negated by expense related to asset writedown. Increased investments in the business are starting to bear fruit but core business remains prone to lumpiness. We are increasing our PT to $3.00, from $2.75, but maintain Hold rating."
For an analyst ratings summary and ratings history on Lionbridge Technologies click here. For more ratings news on Lionbridge Technologies click here.
Shares of Lionbridge Technologies closed at $2.74 yesterday.
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