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UPDATE: Oppenheimer Upgrades Amdocs, Safe-Haven Investment Vehicle in Uncertain Market

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In a report published Thusday Morning, Oppenheimer analyst, Shaul Eyal upgrades Amdocs Ltd (NYSE: DOX) from Perform to Outperform, also setting a price target of $47.

The report highlights their reason for the upgrade including F1Q results exceeding expectations, good cash-flow generation, and increased dividends. Eyal comments, "We believe that if the market is heading into a period of greater uncertainty, investors will look toward more stable names such as DOX. DOX is the go-to provider in its space, particularly for transformational projects, and with the macro outlook stabilizing and momentum building, we are upgrading DOX to Outperform."

DOX closed Wednesday $42.14 and currently trading up at the $43.80 mark.

Latest Ratings for DOX

DateFirmActionFromTo
Nov 2020JP MorganUpgradesNeutralOverweight
May 2020CitigroupMaintainsBuy
Feb 2020BairdMaintainsNeutral

View More Analyst Ratings for DOX
View the Latest Analyst Ratings

 

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Posted-In: Oppenheimer Shaul EyalUpgrades Price Target Analyst Ratings

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