Jefferies Reports In-Line Quarter For Dynamics Research

According to Jefferies, Dynamics Research DRCO saw an in-line quarter. Jefferies said that muted bookings and low single-digits growth expectations for the year suggest DRC could continue to lag peers in growth, particularly given a tough budgetary environment. “While a modest guide down de-risks near term expectations, we continue to see neutral risk reward in the stock.” Dynamics Research closed yesterday at $15.12.