INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS
2 February 2011 - UniCredit has reiterated its EUR5.00 share price target for Italy's banking IT solution specialist Cad IT (BIT:CAD), also keeping the "hold" rating.
According to the analysts, the company is expected to book revenues of EUR54.5m in 2010, EBITDA of EUR6.5m and a decline in net profit to EUR1.5m from EUR2m for the previous year.
As for 2011, UniCredit expects Cad IT's revenue to rise to EUR57.1m, EBITDA to EUR9.8m and net profit to EUR3.4m.
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