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Corp. Executive Board (EXBD)
We maintain our Underperform rating on shares of The Corporate Executive Board (EXBD - Analyst Report). While Q3 EPS beat expectations, the company continues to experience deterioration in key operating metrics, including contract value.
Given the current operating pressures, along with ongoing concerns regarding a slowing economy, we believe the shares should trade at a discount to the peer group average. As such, we anticipate that the company's shares should underperform the market in the near-term.
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| Market Summary | Nov 21, 2009 23:19 pm ET |
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