ACI Worldwide price target raised to $57 from $52 at DA Davidson

DA Davidson raised the firm’s price target on ACI Worldwide to $57 from $52 and keeps a Buy rating on the shares ahead of its Q3 results. The firm expects a positive update, adding that given the big move in the shares that has pushed the valuation towards the high-end of the ten-year valuation range, it intends to review its forecasts and valuation framework after earnings, the analyst tells investors in a research note.