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SunTrust Robinson Humphrey Cuts Digital Insight to Neutral


SunTrust Robinson Humphrey downgraded Digital Insight (DGIN) to neutral from buy, citing the stock's valuation.

Analyst Andrew Jeffrey says the stock price has had a run-up. (It current trades at around $32.53 and he had a $33 price target.) Jeffrey thinks there is insufficient upside to his 2006 and 2007 earnings estimates. He believes Digital Insight remains the leading provider of Internet-based services to community financial institutions, but he would likely review his rating if the stock price fell to the high $20s, a level at which he believes the stock would represent a relatively more attractive risk/reward proposition. He sees 88 cents 2008 earnings per share and $1.04 in 2006.


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