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Day: February 9, 2008

FundTech – What analysts said before the acquisition of Accountis

OK, as the title suggests, I thought of capturing the analyst sentiment of FundTech before the acquisition of Accountis. So without further ado, here is a snapshot of analysis from three firms in Jan 2008: D A Davidson & Co BUY. Price on 9th Jan $10.60. Price Targets: 12 to 18 months $18, 5 year $40 Verdict: Target market volatility warrants some cautiousness, but risk/reward better than ever. Lowering estimates, maintaining BUY rating. My Analysis of Analyst: Does not indicate compelling understanding of business proposition. Analysis purely on the back of financials both past and forecasts. Wedbush Morgan Securities BUY.…