CSC sale of credit services unit looks dilutive, says Jefferies Jefferies expects CSC's sale of its credit bureau services business to be dilutive since the unit was very profitable. The firm thinks the sale could limit any potential upside to CSC's FY14 targets and keeps a Hold rating on the stock.
CSC legal risks increased with new lawsuit, says Wells Fargo Wells Fargo sees increased legal risks for CSC after the United States Attorney for the Southern District of New York sued the company and the City of New York for Medicaid fraud. Given the legal uncertainty, Wells expects CSC to continue to maintain a "relatively sizable" cash position on the balance sheet for the "foreseeable future." It keeps a Market Perform rating on the stock.