2021-02-26 14:14:13 ACIW ACI Worldwide
02/26/21 02/2614:14 02/26/2114:14 | ACI Worldwide sale 'still appears most likely outcome,' says BTIGBTIG analyst Mark Palmer reiterated a Buy rating and $46 price target on ACI Worldwide after the company released its Q4 report, which featured 2020 top- and bottom-line results at the high end of ranges it provided when it preannounced preliminary results in January. The analyst said that the negative market reaction following the quarterly results reflects a "misread" of the agreement with Starboard to add board members, a s ale of the company still appears to be the "most likely outcome." Palmer believes that the "sharp decline" in shares during yesterday's trading session was likely due to disappointment among certain investors who had anticipated a sale to be announced imminently. | |
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