UPDATE: Imperial Capital Reiterates Outperform Rating, Raises PT on NICE Systems Ltd. on 4Q14 Results

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In a report published Wednesday, Imperial Capital analyst Jeff Kessler reiterated an Outperform rating on
NICE Systems Ltd.NICE
, and raised the price target from $52.00 to $65.00. In the report, Imperial Capital noted, "We are maintaining our Outperform rating and raising our one-year price target to $65 from $52, about 17% above the recent share price. We anticipate further expansion of the company's real-time customer interaction analytics solutions (as witnessed by the acquisition of Causata on 8/7/13), which we believe should also generate higher margins. We further believe that the Financial Crime and Compliance (i.e., upcoming FATCA regulations), as well as the Security business, can both grow at double-digit rates. Given the company's better than expected 4Q14 results and their FY15 guidance, we are raising our FY15E EPS to $3.12 from $3.01, and adjusting our EBITDA calculation and as such, lowering our FY15 EBITDA estimate to $1,077mn from $1,087mn. We are introducing our FY16E EPS of $3.44 and FY17E EPS of $3.78." NICE Systems Ltd. closed on Tuesday at $55.50.
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Posted In: Analyst ColorPrice TargetAnalyst Ratingsimperial capitalJeff Kessler
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