by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Have THQ shares gotten too cheap?
That’s the underlying question in a research note this morning from Citigroup’s Brent Thill. On the surface, he hardly sounds positive. The company’s upcoming UFC 2009 Undisputed has been generating a good amount of buzz in the gaming community around its spring release, and its game, Warhammer 40,000: Dawn of War II, is selling well, but Thill still maintains a hold rating on the company’s stock.
by Eric Savitz, Blogger and Columnist, Barrron's, Tech Trader Daily
Citigroup’s Brent Thill today chopped estimates and/or target prices on 11 of the 22 software companies he covers to reflect–you guessed it–the softening macro economy. Thill writes in a research note this morning that he expects negative Street revisions across the group over the next few quarters.
Salesforce.com (CRM) shares are trading lower after Citigroup’s Brent Thill this morning cut his rating on the stock to Hold from Buy on a valuation basis.
Thill notes that he sees no cracks in the company’s fundamentals, and that the stock has held up well given the weakening economy and difficult equity market.
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