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Fly News Breaks for May 15, 2019
DOX
May 15, 2019 | 06:56 EDT
Citi analyst Ashwin Shirvaikar recommends buying shares of Amdocs (DOX) at these levels following the company's Q1 results. Amdocs reported a good overall beat versus consensus based on good revenues and strong margins, Shirvaikar tells investors in a post-earnings research note. Further, he believes the AT&T situation is known and that the comments about other North America clients should be a net positive. The analyst continues to view Amdocs' valuation as cheap. Shirvaikar keeps a Buy rating on the shares with a $66 price target.
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