Jefferies Maintains a 'Hold' on Monotype Imaging (TYPE); Adjsuting Estimates on Solid Q2

Jefferies maintains a 'Hold' on Monotype Imaging (NASDAQ: TYPE) price target of $16.50 (from $17.00).

Analyst, Ross MacMillan, said, "TYPE reported a solid 2Q12 with lower OPEX driving better EBITDA. 3Q12 and CY13 rev guidance comes down due to FX, but better OPEX means EBITDA/ NG EPS edges up. Our concerns around printer exposure (c. 40% of sales) remain and we maintain our rating."

Raises FY12 EPS Estimate from $0.98 to $1.01, but lowers FY12 EPS from $1.16 to $1.13.

For an analyst ratings summary and ratings history on Monotype Imaging click here. For more ratings news on Monotype Imaging click here.

Shares of Monotype Imaging closed at $14.72 yesterday.

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