Matrix Service price target raised to $36 from $27 at DA Davidson DA Davidson increased its price target on Matrix after the company reported higher than expected Q2 EPS. The firm expects the company's earnings to rise in 2H14 and beyond, and keeps a buy rating on the stock.
Matrix Service lowers FY16 EPS view to $1.30-$1.50 from $1.45-$1.75 FY16 consensus $1.59. Lowers FY16 revenue view to $1.3B-$1.4B from $1.4B-$1.6B, consensus $1.42B. Cites unexpected bankruptcy and the timing of revenue ramp up.