Barrington Research Maintains Outperform, $55-60 Target on Solera
Barrington Research reiterates its Outperform rating and $55-60 target price range on Solera (NYSE: SLH) following investor day at the company.
Barrington Research says, " We believe SLH's product bundling strategy that increases revenue per claim, continued market penetration in evolving and emerging markets, the positive impact of the Explore Information Services acquisition and diversification serving over 60 countries worldwide positions the company to show constant currency growth in revenue, adjusted EBITDA and adjusted EPS in FY/12."
SLH closed at $46.08 a share on Monday.
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