Market Overview

UPDATE: Benchmark Downgrades DigitalGlobe to Hold on Limited Catalysts for 2013

Related DGI
Benzinga's Top Downgrades
'No Mas': Chardan Downgrades DigitalGlobe
DigitalGlobe's (DGI) CEO Jeff Tarr on Q1 2016 Results - Earnings Call Transcript (Seeking Alpha)

Benchmark downgraded DigitalGlobe (NYSE: DGI) from Buy to Hold and lowered the price target to $27.00.

Benchmark noted, "We see 2013 as a transition year post the acquisition of GeoEye with limited catalysts for the stock. Management does not expect the $1.8 billion cost savings to flow through until 2HFY14 when annual operating expenses could be reduced by 25% from a base of $400 million, and $1 billion of savings will be realized from cancelling two future satellites and delay one satellite launch. Management expects EBITDA margin to recover to 50%+ in 2HFY14."

DigitalGlobe closed at $28.21 on Wednesday.

Latest Ratings for DGI

Feb 2016Chardan CapitalDowngradesBuyNeutral
Oct 2015Raymond JamesDowngradesOutperformMarket Perform
Oct 2015Piper JaffrayMaintainsOverweight

View More Analyst Ratings for DGI
View the Latest Analyst Ratings

Posted-In: BenchmarkAnalyst Color Downgrades Analyst Ratings


Related Articles (DGI)

View Comments and Join the Discussion!