NEW YORK, July 2 (newratings.com) - Analysts at Brean Murray maintain their "buy" rating on MICROS Systems (NASDAQ:
MCRS -
news) , Inc (ticker:
MCRS). The target price has been raised from $25 to $28.
In a research note published this morning, the analysts mention that the company is continuing with its key hotel rollouts, besides getting ready to start a rollout at a previously won hotel chain. However, continued declines in hotel revenues per available room raises concerns about future software revenues, the analysts add. The EPS estimate for FY10 have been reduced from $1.50 to $1.46.
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