CSC Expected To Achieve EPS Estimates For 2011

Computer Sciences Corporation CSC reported mixed F1Q11, as revenue faces growth challenges while the company relies on winning and ramping up larger contracts and heighten its exposure to the public sector, according to JP Morgan. JP Morgan is confident that CSC will meet its earnings goal through margin expansion and tax benefits. JP Morgan remains "neutral" on the stock, but lowers the price target to $48 from $56. Computer Sciences Corporation closed yesterday at $43.88.