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UPDATE: Stifel Nicolaus Cuts PT to $15, Maintains Buy on Sapient Corporation Post Management Meeting

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UPDATE: Stifel Raises PT on Sapient Corporation Following Management Lunch
The Biggest Winners And Losers You May Have Missed Wednesday

Stifel Nicolaus reiterated its Buy rating on Sapient Corporation (NASDAQ: SAPE) but lowered its price target from $16 to $15.

Stifel Nicolaus said, "On Thursday we hosted a day of meetings with Sapient CEO Alan Herrick, CFO Joe Tibbetts and IR Director Dean Ridlon. The focus of most meetings was the deceleration of growth in the SapientNitro business unit (Nitro, nearly 70% of revenue) in 2012 and the implications for growth in 2013. While management did not provide any specific commentary on next year, they did help provide some incremental perspective on the deceleration in 2012."

Sapient Corporation closed at $10.34 on Thursday.

Latest Ratings for SAPE

DateFirmActionFromTo
Jul 2013Raymond JamesDowngradesOutperformMarket Perform
Feb 2013CitigroupDowngradesBuyNeutral
Feb 2013William BlairDowngradesOutperformMarket Perform

View More Analyst Ratings for SAPE
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

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