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J.P. Morgan Overweight on CA Technologies

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J.P. Morgan Chase & Co. is out with a research report on CA Technologies (NYSE: CA) and it has an Overweight rating and a $30 price target on shares.

In a note to clients, J.P. Morgan Chase & Co. writes, "We continue to rate CA Overweight with a $30 price target based on Scenario 3 of our DCF. In the end, the cash generating potential of this company is very forgiving. If it could improve the efficiency of its operations (i.e., its expenses), we believe the value locked in these shares would be realized. We believe the strategy management recently announced at their analyst day puts the company on the right path, but execution still remains a key issue."

Shares of CA lost 16 cents yesterday to close at $22.02.

Posted-In: J.P. Morgan Chase & Co.Analyst Color Price Target Analyst Ratings

 

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