Blucora (BCOR) PT Lowered at Jefferies on 'Mixed' Results

Jefferies US Internet Team reiterated a Hold rating and lowered its price target on Blucora Inc. (NASDAQ: BCOR) to $15.00 (from $17.00) following mixed results and weaker guidance.

The team said, "Blucora reported a mixed quarter but guidance was weaker than our/street expectations. Monoprice delivered higher revenue and operating margin than expected, though Search revenue was disappointing (with slightly higher than expected op. income). With continued headwinds and soft guidance, we are lowering our PT to $15."

The firm adjusted FY 2014 EPS from $1.89 to $1.95 and lowered FY 2015 EPS from $2.14 to $1.89.

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

Shares of Blucora Inc. closed at $16.86 yesterday.

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