DTL – ABN Amro rates the stock as Upgrade to Buy from Hold – Target $7.77 (was $7.88)

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The broker's ratings upgrade comes on the back of recent share price weakness, while supporting its view it notes 1Q performance is a little ahead of budget to date.

A rolling forward of its model sees the broker's valuation on the stock increase to $7.94 from $7.65. Sector: Software & Services.

Target price is $7.77. Current Price is $6.56. Difference: $1.21 – (brackets indicate current price is over target). If DTL meets the ABN Amro target it will return approximately 16% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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