New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 24, 2014
07:04 EDTOTEXOpen Text price target raised to $120 from $110 at RBC Capital
RBC Capital increased its price target on Open Text after the company reported stronger than expected results. The firm thinks that investors are becoming more upbeat about the company's model ,and it keeps an Outperform rating on the shares.
News For OTEX From The Last 14 Days
Check below for free stories on OTEX the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 11, 2014
10:00 EDTOTEXOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:47 EDTOTEXOpen Text downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital downgraded Open Text to Sector Perform due to valuation and said further upside requires hard to achieve forecasts of margin expansion, organic growth and a high sustained historic multiple. The firm adds the company is less likely to make an acquisition near-term given leverage, removing a catalyst. Price target lowered to $55 from $60.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use