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.