CheckFree (CKFR) 9.57 +2.11: After close yesterday, company beat Q4 EPS consensus by a penny and gave largely in-line Q1 guidance. The stock is trading up 28% today, also getting a boost from upbeat analyst comments. Prudential upgraded to BUY from Hold and lowered price target to $13 from $15, believes investment opportunity is extremely attractive after reviewing business model, Q4 results, and current valuation. Firm believes investor fears over Wells Fargo, Chase and other large banks getting back into the bill payment business are overblown, citing that CKFR can process bill payments more efficiently and cheaper than any competitor. Firm is comfortable with new transaction pricing model and expects pricing to naturally decrease as transactions increase. Also, Wachovia upgraded to STRONG BUY from Buy based on belief that the economics of electronic billing and payment services continue to improve for both banks and CKFR.
Einmal haben sie schon kurz über die 10 rübergeguckt.
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