Jefferies Upgrades UTi Worldwide (UTIW) to Buy

February 13, 2013 7:23 AM EST
Get Alerts UTIW Hot Sheet
Price: $7.09 --0%

Rating Summary:
    2 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
Trade Now! 
Join SI Premium – FREE
Jefferies upgraded UTi Worldwide (NASDAQ: UTIW) from Hold to Buy with a price target of $18.00 (from $14.00).

The firm comments, "We're upgrading UTIW to Buy, a deeply out of favor name with restructuring benefits that should start to materialize by early calendar 2014. While visibility is likely to remain low for several more quarters, a potential double over two years is compelling enough to initiate starter positions. We'd add capital as visibility gradually improves, whether from restructuring or restocking."

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

Shares of UTi Worldwide closed at $14.93 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst PT Change, Hot Upgrades, Upgrades

Related Entities

Jefferies & Co