Barclays raises Amdocs rating, PT; shares gain
16/05/2023 15:40
** Shares of IT service company Amdocs Ltd DOX.O rise 2.1%
to $93
** Barclays upgrades stock to "overweight" from "equal
weight", raises PT to $115 from $100
** Company to benefit from long-term trends in telecom
industry, 5G, digitalization, cloud transitions and network
automation - brokerage
** Market looks positive for DOX, with consulting and
integration providing growth potential for company, says
Barclays
** Four of 7 analysts rate stock "buy" or higher, 3 "hold";
median PT is $100.5 – Refinitiv
** Including session's gains, stock up 2.3% YTD
(Reporting by Sruthi Narasimha Chari in Bengaluru)
((Sruthinarasimha.chari@thomsonreuters.com))