uxc provides the sweet spot in the it sector

Written 7th June in the AFR. For members or take a free trial:

http://www.afr.com/p/markets/market_wrap/uxc_provides_the_sweet_spot_in_the_91S1wBhDFY2NWgsWiD3upK

The article says Moelis has a buy recommendation on UXC, after UXC reiterated guidance for 2012-2013. It is the broker's choice in the IT sector, because it has the size, scale and breadth of activities to compete against the multinationals.

There is a profit estimate of $23.1m, compared to the previous corresponding period of $18.2m. Moelis say many peers in the sector are struggling, but they expect EPS growth of 26 per cent in 2012-13 followed by 20 per cent in 2013-14.

1-year forward price target of $1.20 on the stock.