Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

UBS Ups Convergys to Buy from Neutral


UBS Financial upgraded the software services company Convergys (CVG) to buy from neutral, citing possible events in the near term that could boost the stock price.

Analyst Jason Kupferberg says that employee care segment disclosures in the company's upcoming 10-K (expected early March) could be a positive near-term catalyst for Convergys stock. The shares have proved resilient despite recent negative news flow, and the company's 8.6% free cash flow yield limits near-term downside. Congergys might be a take-out candidate, he speculates further, adding that the worst of customer consolidation risk is likely past. Meanwhile Convergys' proven cost-cutting execution sets the stage for 2006 earnings per share (EPS) upside, the analyst says. He raises his $17 target to $20 and sees $1.09 2006 EPS, as well as $1.13 in 2007.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus