Market Overview

Goldman Sachs Remains Neutral On HEW

Analysts at Goldman Sachs reiterated a Neutral rating on shares of Hewitt Associates (HEW) after reporting mixed earnings.

Goldman Sachs raised their price target for the stock to $46 from $38, stating, "Lower Benefits project revenues and higher restructuring activities should weigh on near-term profit growth, improved HR BPO revenue and margins, and the re-acceleration of Consulting revenue, should provide support to earnings into FY11."

Hewitt Associates, Inc. provides human resources benefits, outsourcing, and consulting services primarily in the United States and the United Kingdom.

Posted-In: Analyst Ratings

 

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