Analysts Like CA Inc.'s (CA) Ability to Return Cash

Oppenheimer maintained an Outperform rating on CA (NASDAQ: CA) but trimmed its price target to $26.00 (from $28.00). The company reported earnings after the bell on Thursday, an they were mostly in line, though bookings were weak.

"A weakening macro economy coupled with internal sales issues prompted the company to lower FY13 guidance. Still, it remains committed to its capital allocation plan and $1.00 dividend," said analyst Shaul Eyal.

He thinks the company will continue to return cash, and this, in his opinion, makes the stock attractive.

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

Shares of CA closed at $24.90 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Deere (DE) PT Lowered to $570 at JPMorgan Ahead of Earnings
• SanDisk upgraded at JPMorgan after investor day; shares climb