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Citigroup Upgrades Fair Isaac


Citigroup upgrades Fair Isaac (FIC) to buy from hold.

Analyst Tony Wible says, while the company still faces risks tied to Financial Services consolidation, he's upgrading due to a number of reasons.

He cites, among other reasons, a more muted impact on earnings from Fair and Accurate Credit Transactions Act of 2003 (FACTA) legislation due to slower-than-expected FACTA adoption trends. He also sees acceleration in organic growth at the company's Strategy Machines operations now that certain negative events in that arena have lapsed.

Wible raises $1.70 fiscal 2005 (ending September) earnings per share estimate to $1.72, and $1.94 fiscal 2006 earnings per share to $1.98. He boosts his $35 target to $43.


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