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

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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.

Latest Ratings for DST

Jul 2014Credit SuisseMaintainsOutperform
Jun 2014Bank of AmericaInitiates Coverage onBuy
Mar 2014Evercore PartnersUpgradesEqualweightOverweight

View More Analyst Ratings for DST
View the Latest Analyst Ratings

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


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