GeoEye (GEOY) Shares Move Higher as Benchmark Upgrades to Buy
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Price: $35.83 --0%
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
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Shares of GeoEye (NASDAQ: GEOY) have pushed higher over the last few minutes of trade as Benchmark's Josephine Millward just upgraded the stock to Buy in an intraday research note.
The upgrade follows news this morning the company has proposed to acquire DigitalGlobe (NYSE: DGI) for $17 per share.
Millward said, "we agree with GeoEye management that the combined entity would be better positioned in a constrained budget environment, with significant synergies." Still, the analyst said "DGI shareholders are unlikely to approve the takeover without a higher bid."
For an analyst ratings summary and ratings history on GeoEye click here. For more ratings news on GeoEye click here.
The upgrade follows news this morning the company has proposed to acquire DigitalGlobe (NYSE: DGI) for $17 per share.
Millward said, "we agree with GeoEye management that the combined entity would be better positioned in a constrained budget environment, with significant synergies." Still, the analyst said "DGI shareholders are unlikely to approve the takeover without a higher bid."
For an analyst ratings summary and ratings history on GeoEye click here. For more ratings news on GeoEye click here.
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