Converge Technology Solutions Corp T.CTS

analysts cut their targets

[alhiemstra]

Several analysts cut their targets to Converge Technology Solutions Corp. They include:

Cormark Securities’ Gavin Fairweather to $8 from $9 with a “buy” rating,

Raymond James’ Steven Li to $7 from $8.50 with an “outperform” rating,

Canaccord Genuity’s Robert Young to $8.50 from $10.50 with a “buy” rating and

BMO’s Deepak Kaushal to $7.50 from $8 with an “outperform” rating. The average is $8.29.

[growthnprosper]

Notice they all have an outperform or buy rating on CTS as next year they like the guidance and cost cutting that is happening,