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UPDATE: Stifel Nicolaus Cuts PT to $15, Maintains Buy on Sapient Corporation Post Management Meeting

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Stifel Nicolaus reiterated its Buy rating on Sapient Corporation (NASDAQ: SAPE) but lowered its price target from $16 to $15.

Stifel Nicolaus said, "On Thursday we hosted a day of meetings with Sapient CEO Alan Herrick, CFO Joe Tibbetts and IR Director Dean Ridlon. The focus of most meetings was the deceleration of growth in the SapientNitro business unit (Nitro, nearly 70% of revenue) in 2012 and the implications for growth in 2013. While management did not provide any specific commentary on next year, they did help provide some incremental perspective on the deceleration in 2012."

Sapient Corporation closed at $10.34 on Thursday.

Latest Ratings for SAPE

Nov 2014Stifel NicolausDowngradesBuyHold
Jul 2013Raymond JamesDowngradesOutperformMarket Perform
Feb 2013CitigroupDowngradesBuyNeutral

View More Analyst Ratings for SAPE
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Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings


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