RBC Capital downgraded Enghouse Systems (EGHSF) to Sector Perform from Outperform with a price target of C$30, down from C$38. The firm cites the increasing availability of software consolidator stocks in Canada and the likelihood that Enghouse’s valuation will remain below peers and its historical average for the downgrade. The company’s fundamentals may remain below expectations for longer than expected, the analyst tells investors in a research note.
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Read More on EGHSF:
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- Enghouse Systems’ Earnings Call: Balanced Growth Amid Challenges
- Enghouse Systems Elects Directors at Annual Meeting
- Enghouse Systems price target lowered to C$38 from C$40 at RBC Capital
- Enghouse Systems Reports Revenue Growth and Strategic Acquisitions
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