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UPDATE: Jefferies Cuts PT to $9 on Pactera Technology on Soft Fiscal 2013 Guidance

Pactera to Transfer Huawei Outsourcing Business to ChinaSoft
Pactera Announces Partnership with MuleSoft to Provide Consulting and Services for MuleSoft's Anypoint Platform,

Jefferies maintained Pactera Technology (NASDAQ: PACT) with a Buy rating and lowered the price target from $10.00 to $9.00.

Jefferies commented, "F4Q revs/EPS were modestly above JEFe/Street, but F13 guidance was soft as PACT expects to lose 40%+ of its Huawei business in F13, as Huawei transitions this business to its JV's. While bad for PACT's revs and margins in the near term, Huawei run-off should help PACT's margins, DSO and FCF in the long-term. In addition, we expect PACT to start realizing merger related revs synergies by mid 2013. Maintain Buy."

Pactera Technology closed at $6.94 on Wednesday.

Latest Ratings for PACT

Feb 2013JefferiesMaintainsBuy
Feb 2013JefferiesMaintainsBuy
Nov 2012Cowen & Co.DowngradesOutperformNeutral

View More Analyst Ratings for PACT
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings


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