1 posts and columns on softening macro economy

Software Softening: Citi Cuts Estimates, Target on Many Stocks

in News on October 1, 2008 at 10:47 am PT

Citigroup’s Brent Thill today chopped estimates and/or target prices on 11 of the 22 software companies he covers to reflect–you guessed it–the softening macro economy. Thill writes in a research note this morning that he expects negative Street revisions across the group over the next few quarters.