Market Overview

UPDATE: Sterne Agee Upgrades DST Systems to Buy on Asset Monetization

Related DST
UPDATE: Bank Of America Initiates Coverage On DST Systems On Positive Outlook
David Einhorn Reveals His Newest Picks In 13F Filing

Sterne Agee raised its rating on DST Systems (NYSE: DST) from Neutral to Buy with a $71 price target.

Sterne Agee commented, "We believe DST is on a clear path to monetize a significant amount of its non-core assets, something investors have waited years to see. As monetization events occur, we expect the stock to continue to respond positively. Our sum-of-the-parts analysis yields a fair value of $71, but we note that there are multiple points of conservatism in our analysis. On a fundamental basis, we expect to see improving trends in 2013."

DST Systems closed at $61.85 on Thursday.

Posted-In: Sterne AgeeAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Most Popular

Related Articles (DST)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters