UTi Worldwide upgraded at RBC Capital As noted earlier, RBC Capital upgraded UTI Worldwide to Outperform from Sector Perform. The firm cited improving industry fundamentals and greater confidence In the company's ability to meet its cost savings goals as the key reasons for the upgrade. Target to $22 from $15.
UTi Worldwide negatives 'firmly' priced into shares, says FBR Capital FBR Capital lowered its price target for UTi Worldwide to $14 from $19 following the company's "very disappointing" quarter and guidance cut, but the firm believes the negatives are now "firmly" priced into shares at current levels. FBR believes the company's turnaround will still work and keeps an Outperform rating on the name.