UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Computer Sciences Corporation

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Computer Sciences Corporation CSC, and raised its price target from $30.00 to $36.00. Jefferies noted, “Incremental takeaways from the call: 1) More than 50% of F2Q13 commercial bookings from new contracts, 2) Free cash flow target raised, primarily due to $110M payment from NHS, 3) Debt restructuring to reduce interest expense by $20M/year. Maintain Hold.” Computer Sciences Corporation closed on Tuesday at $36.80.