BMO Capital Maintains an 'Outperform' on Electronics for Imaging (EFII); Cutting Estimates on Weaker Controller Forecast

BMO Capital maintains an 'Outperform' on Electronics for Imaging Inc. (NASDAQ: EFII) price target of $20.00 (from $21.00).

Analyst, Keith Bachman, said, "For EFI, we have lowered our estimates modestly owing to a weaker controller forecast due to a weaker macro environment. We are lowering our FY12 EPS to $1.29 from $1.35 (consensus of $1.31) and our FY13 estimates to $1.48 from $1.55 (consensus of $1.52). We are forecasting EPS to grow by 15% y/y in FY12, though we forecast controller sales to decline by 7% y/y...we think that investors would reward more consistency in EFI's financial performance, despite weak controller business."

For an analyst ratings summary and ratings history on Electronics for Imaging Inc. click here. For more ratings news on Electronics for Imaging Inc. click here.

Shares of Electronics for Imaging Inc. closed at $16.06 yesterday.

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