Jefferies Raises Price Target On MICROS (MCRS) to $57
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Price: $46.19 -2.14%
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies lifted its price target on MICROS Systems (NASDAQ: MCRS) from $50 to $57 while maintaining a Buy rating.
The firm comments, "Despite slower organic cc growth, we see upside to estimates from improving domestic growth, better gross margins and the potential positive impact from the Simphony upgrade cycle. FY12 will likely be a bit more back end loaded, but numbers seem achievable."
For more ratings news on MICROS Systems click here and for the rating history of MICROS Systems click here.
Shares of MICROS Systems closed at $49.22 yesterday.
The firm comments, "Despite slower organic cc growth, we see upside to estimates from improving domestic growth, better gross margins and the potential positive impact from the Simphony upgrade cycle. FY12 will likely be a bit more back end loaded, but numbers seem achievable."
For more ratings news on MICROS Systems click here and for the rating history of MICROS Systems click here.
Shares of MICROS Systems closed at $49.22 yesterday.
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