Market Overview

UPDATE: BMO Capital Markets Downgrades Acxiom to Market Perform on Revenue Visibility

Share:
Related ACXM
25 Biggest Mid-Day Gainers For Friday
Stocks Hitting 52-Week Highs

BMO Capital Markets downgraded Acxiom (NASDAQ: ACXM) from Outperform to Market Perform and maintained a $20.00 price target.

BMO Capital Markets commented, "We believe Acxiom's executive hires, cost efficiencies, capital returns, and strategic vision have been excellent since CEO Howe joined in July 2011. However, we have maintained that for the stock to work into the mid-$20s, revenue acceleration is required, and that appears on hold. To be sure, there are good signs: the top 20 clients were up double digits again this quarter, while the Top 100 is up 9% YTD. However, the client base after #100 was down ~8% and management cautioned that it will likely be F2H14 before total revenue perks up."

Acxiom closed at $18.68 on Wednesday.

Latest Ratings for ACXM

DateFirmActionFromTo
Sep 2016Cantor FitzgeraldInitiates Coverage onBuy
Aug 2016BMO CapitalUpgradesMarket PerformOutperform
Jun 2016William BlairInitiates Coverage onOutperform

View More Analyst Ratings for ACXM
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Downgrades Analyst Ratings

 

Related Articles (ACXM)

View Comments and Join the Discussion!