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Zacks Analyst Blog Highlights: Ness Technologies, IBM, Hewlett Packard, Computer Sciences and Electronic Data Systems.

Posted on: Thursday, 6 September 2007, 06:14 CDT

Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Ness Technologies (Nasdaq: NSTC), IBM (NYSE: IBM), Hewlett Packard (NYSE: HPQ), Computer Sciences Corporation (NYSE: CSC) and Electronic Data Systems (NYSE: EDS).

See the latest posts to the Analyst Blog by visiting: http://at.zacks.com/?id=2673

Here are highlights from Wednesday's Analyst Blog:

Ness Tech Downgraded to Sell

Ness Technologies (Nasdaq: NSTC) is a small player in a challenging market. Outside of the Israeli government market, the company faces intense competition from established players, such as IBM (NYSE: IBM), Hewlett Packard (NYSE: HPQ), Computer Sciences Corporation (NYSE: CSC), Electronic Data Systems (NYSE: EDS) and others.

In addition, the company is undergoing a major management transition with the loss of its CEO and CFO. We therefore believe there are better opportunities, and downgrade NSTC shares to Sell. We also cut our estimates for the remainder of 2007 and full-year 2008.

Moreover, the IT service industry is undergoing rapid changes, primarily consolidation. With all these headwinds, we recommend investors sell shares of NSTC. We also cut our estimates and set a $10.00 price target.

See the latest posts to the Analyst Blog by visiting http://at.zacks.com/?id=2645

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2674.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Source: Business Wire

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