UPDATE: Deutsche Bank Raises Target on Advisory Board to $75

Deutsche Bank maintains its Hold rating on Advisory Board

and raises its price target to $75 from $66 on stabilized CV growth. Deutsche Bank says, "Organic CV growth stabilized from +25% YoY in the Sept quarter to +24% YoY in the Dec quarter on a slightly tougher comp. Guidance was largely in-line with our expectations. Our Mar. qtr EPS estimate, including amortization and stock comp, goes from $0.41 to $0.40 and our cal'12E EPS goes from $1.94 to $1.85. We raise our price target from $66 to $75 due to ABCO's continued strong growth and higher underlying profits." ABCO closed at $76.28 a share yesterday.