UPDATE: Jefferies Cuts PT to $9 on Pactera Technology on Soft Fiscal 2013 Guidance
February 28, 2013 at 10:26 AM EST
Jefferies maintained Pactera Technology (NASDAQ: PACT ) with a Buy rating and lowered the price target from $10.00 to $9.00. Jefferies commented, "F4Q revs/EPS were modestly above JEFe/Street, but F13 guidance was soft as PACT expects to lose 40%+ of its Huawei business in F13, as Huawei transitions this business
