UPDATE: Wedbush Raises Micros Systems' PT
According to a research report published earlier today, Wedbush has increased Micros Systems' (NASDAQ: MCRS) PT from $60 to $65.
In the report, Wedbush commented, "EPS beat on international growth and lower tax rate. Revenue of $278 was in line with consensus (11% constant currency growth), but EPS of $0.56 exceeded consensus of $0.52 and in spite of a $0.01 currency drag. International continued to lead with 17% YoY growth compared to 2% in the US as independent restaurants showed increasingly positive trends."
Wedbush maintains its Outperform rating on Micros Systems, which is currently trading at $55.51.
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