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Fly News Breaks for April 9, 2015
CA
Apr 9, 2015 | 11:30 EDT
Jefferies says CA Technologies' regulatory filing yesterday clarifying interview comments made by CEO Mike Gregoire implies disappointing new business in Q4. The firm notes CA said that total new product sales for FY15 ended in March are expected to decline in the mid-single digits compared to FY14. This suggests the company's new business should be down around mid-single digits in Q4, Jefferies estimates. The firm has a Buy rating on CA with a $39 price target.
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