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UPDATE: Goldman Sachs Reiterates on SPW on Increased Confidence in 2014 EPS Following EGS Divestiture

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In a report published Thursday, Goldman Sachs analyst Samuel H. Eisner reiterated a Buy rating on SPW (NYSE: SPW), and raised the price target from $97.00 to $101.00.

In the report, Goldman Sachs noted, “We continue to view SPW as a relative outperformer that should generate alpha in 2014 and we reiterate our Buy rating and increase our 12-month price target to $101 from $97 previously implying 8% upside. Following multiple announcements regarding portfolio changes and associated capital allocation (increased share repurchase and debt pay down), we have greater confidence in management's ability to generate meaningful EPS growth in 2014. We adjust our EPS estimates to $3.91/$5.60/$6.80 from $3.93/$5.40/$6.60 for 2013/2014/2015 due to the aforementioned changes.”

SPX closed on Wednesday at $93.20.

Latest Ratings for SPW

DateFirmActionFromTo
Sep 2015SusquehannaMaintainsNeutral
Jul 2015Seaport GlobalInitiates Coverage OnNeutral
Jun 2015Bank of AmericaUpgradesUnderperformBuy

View More Analyst Ratings for SPW
View the Latest Analyst Ratings

 

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