Target $1.50 (was $1.20). Following a review of the IT sector the broker has upgraded to a Neutral rating on the stock, with an increase in price target reflecting some minor increases to earnings forecasts. Sector: Software & Services.
Target $1.20 (was $1.65). The company has indicated a key telco client has reduced its need for third party contractors over the New Year period and the broker sees some negative earnings impact from the announcement.