USB Piper upgraded Digital Insight (DGIN) to strong buy.
Analyst Jeffery Baker says he thinks the appointment of Jeffrey Stiefler as chairman, president, and CEO raises the bar at Digital Insight -- which says a lot given the respect and admiration that current leader John Dorman has with investors and employees.
Baker says Stiefler, whose scheduled start date is Sept. 8, brings with him strong consumer, small business, M&A, and small company experience. He notes Digital Insight is experiencing a strong pipeline of new and replacement wins, coupled with a long runway to drive increased revenues and profitability. Baker thinks Stiefler's appointment will enhance Digital Insight's prospects.