UTi Worldwide price target lowered to $14 from $22 at RBC Capital RBC Capital cut its price target on UTi Worldwide after the company issued a negative Q4 preannouncement. But the firm thinks the company can deliver on its cost savings targets, while its overall outlook is positive. The firm keeps an Outperform rating on the shares.
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.