Barclays Cuts PT and Estimates on Solera Holdings (SLH); Caution Going Into Q2

Barclays maintains an 'Equalweight' on Solera Holdings (NYSE: SLH) price target of $42.00 (from $45.00).

Analyst, Manav Patnaik, said, "60%+ European exposure is the primary reason for our downward revisions and caution into the quarter...We also expect commentary
on: (a) the "next big" deal as alluded to last call; and (b) the renewal status of the
State Farm contract (~1-2% of sales)."

Patnaik cuts Q4 EPS by $0.01 to $0.56, revenues lowered from $196M to $194M.

For an analyst ratings summary and ratings history on Solera Holdings click here. For more ratings news on Solera Holdings click here.

Shares of Solera Holdings closed at $39.69 yesterday.

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