LNK - Citi rates the stock as Buy
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Citi updates forecasts to reflect the completion of the CAS acquisition and incorporates the impact of a higher British pound. FY18 estimates for earnings per share are lifted by 7% and FY19 and FY20 by 3%.
Citi considers the synergies are conservative and debt servicing may not be as risky as first feared. Buy rating retained and target raised to $10.00 from $9.05.
Sector: Software & Services.
Target price is $10.00.Current Price is $8.78. Difference: $1.22 - (brackets indicate current price is over target). If LNK meets the Citi target it will return approximately 12% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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