Goldman Sachs Adjusts CA Estimates

Goldman Sachs is adjusting its estimates on CA (NASDAQ: CA).

“We lift our FY12/13 non-GAAP EPS to $2.20/$2.50 from $2.13/$2.33 previously due to stronger expected top line growth and a modestly lower share count than previously modeled,” Goldman Sachs writes.

“We also introduce FY14 EPS of $2.75. We lift our 12-month price target to $28.00 from $25.00 previously due to our higher estimates. Our target multiple remains 11X, applied to our CY12 non-GAAP EPS of $2.53.”

CA closed Thursday at $25.06.