Canaccord Genuity Assumes ePlus inc (PLUS) at Buy

Canaccord Genuity assumes coverage on ePlus inc (NASDAQ: PLUS) with a Buy rating and a price target of $110.00.

Analyst Matthew Ramsay commented: "We believe an increasing service revenue mix and a diverse multi-sector customer base should continue to yield gradually expanding operating margins as industry trends of data center consolidation, public and private cloud migration, and security optimization drive solid topline growth despite a choppy macro. We believe ePlus has the technology expertise, customer/partner alignment, scale and a differentiated leasing/financing arm to benefit from these trends and outperform peers. We assume coverage of ePlus with a BUY rating and $110 target."

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

Shares of ePlus inc closed at $91.25 yesterday.

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