Bloomberg Anywhere Login

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

Jefferies Cuts Computer Sciences to Underperform


From Standard & Poor's Equity Research

Jefferies downgraded Computer Sciences Corp. (CSC) to underperform from hold, explaining that the company is no longer for sale and its business is deteriorating.

Analyst Joseph Vafi notes factors such as slowing growth, light fiscal year 2007 (ending March) guidance, declining bookings, upcoming restructuring charges in Europe, and the lack of a clear strategy in India. He cuts his $3.52 fiscal year 2007 earnings per share (EPS) estimate to $3.46 and his $61 stock price target to $44.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus