Citi Maintains Neutral Rating and $21 PT on CA
A report from Citi reiterates its Neutral rating and $21 price target on CA Inc. (NASDAQ: CA).
The report states, “Revenue of $1.20B was ahead of our $1.17B (street $1.19B) with a penny of EPS upside to our and street $0.50 estimate. Total bookings were down just 3% vs. our estimate of down 21%. Cash flow was also solid, although this metric is notoriously volatile between quarters”.
CA closed yesterday at $22.02.
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