UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on CapitalSource
In a report published Wednesday, Jefferies & Company reiterated its Buy rating on CapitalSource (NYSE: CSE), and slightly raised its price target from $8.50 to $9.00.
Jefferies noted, “CSE reported EPS of $0.14 vs. JEFe of $0.15, and $0.01 higher than the Street. Excluding the impact of one-time charges/reversals, CSE's $0.14 print was up $0.03 Y/Y, but down $0.03 Q/Q. The slight miss to our estimate was driven by lower-than-expected NII ($89.6M JEFe vs. $86.7M actual) offset largely by better-than-expected operating expenses.”
CapitalSource closed on Tuesday at $7.73.
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|Apr 2014||Keefe Bruyette & Woods|
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