Jefferies & Company Reiterates Buy Rating, $62 PT for MICROS Systems

In a report published earlier today, Jefferies & Company, Inc. reiterated its Buy rating and $62.00 price target for MICROS Systems, Inc. MCRS. Jefferies went on to say “We have updated our model to reflect the consolidation of Torex Retail, a weaker Euro and some slight moderation to our organic growth assumption in FY13 due to a slower global economy. We remain optimistic on MCRS' position as the leading hospitality system provider and retain our BUY and $62PT.” MICROS Systems, Inc. closed on Friday at $51.71.