JPMorgan Upgrades Computer Sciences (CSC) to Neutral
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Computer Sciences (CSC) Ratings Place Under Review by Moody's Following Plans for Company Split
May 20, 2015 11:55 AM EDTMoody's Investors Service ("Moody's") has placed the ratings of Computer Sciences (NYSE: CSC) under review for downgrade following CSC's announcement of its plan to divide into two separate, publicly traded companies, in a transaction which will effect a spin-off of its North American Public Sector ("NPS") business. The ratings placed under review include the Baa2 senior unsecured ratings.
RATINGS RATIONALE
The rating review reflects Moody's view that CSC's planned spin-off plan will result in a smaller business with less business diversity and profitability than the... More
Cowen Maintains Market Perform Following Computer Sciences (CSC) 4Q and Announced Separation
May 20, 2015 10:03 AM EDTCowen maintains an Outperform rating and $75 price target on Computer Sciences (NYSE: CSC) following 4Q15 results and announced separation. CSC reported Sales of $2.9B compared to consensus of $2.96B. EPS of $1.26 exceeded consensus expectations of $1.20. CSC also announced that they will be splitting into two publicly traded companies. CSC intends to pay a special... More
Morgan Stanley Upgrades Computer Sciences (CSC) to Equalweight
May 20, 2015 6:42 AM EDTMorgan Stanley upgraded Computer Sciences (NYSE: CSC) from Underweight to Equalweight.
For an analyst ratings summary and ratings history on Computer Sciences click here. For more ratings news on Computer Sciences click here.
Shares of Computer Sciences closed at $67.66 yesterday.
... MoreComputer Sciences (CSC) Plans Split into Two, Publicly-Traded Companies
May 19, 2015 4:17 PM EDTComputer Sciences (NYSE: CSC) announced that its Board of Directors has unanimously approved a plan to separate the company into two publicly traded, pure-play leaders: one to serve commercial and government clients globally and one to serve public sector clients in the U.S.
Concurrent with the separation, CSC intends to pay a special cash dividend to shareholders of $10.50 per share at closing, which is expected by October 2015.
CSC began its turnaround three years go, said CEO Mike... More
