UBS Maintains Raising Price Target on Computer Sciences (CSC), But Staying on Sidelines

UBS maintains a 'Neutral' on Computer Sciences (NYSE: CSC) price target raised from $26 to $31.

UBS analyst said, "We raise our price target to $31 factoring in our revised earnings/valuation estimates even as we maintain our Neutral rating. CSC has significantly outperformed this year (+29% YTD vs. +12% for S&P500), as some investors are looking for a turnaround, given management changes and progress on the NHS contract. While we do not have a clear picture of what management’s plan is for addressing the multiple near-term challenges, we believe that the new CEO has the appropriate experience to turn around the company."

For an analyst ratings summary and ratings history on Computer Sciences click here. For more ratings news on Computer Sciences click here.

Shares of Computer Sciences closed at $30.41 yesterday.

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