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EDS Gets Benefit of Doubt Thanks to Outlook

Stock quotes in this article: EDS , GM  

EDS continued its ride Thursday as two analysts upgraded their rating on the IT services giant after it issued 2006 guidance late Wednesday that blew away expectations.

Shares of EDS recently soared $2.48, or 11.7%, to $23.77 in trading that was more than two times average volume.

While expressing concern about revenue growth, Jefferies analyst Joe Vafi raised his rating to hold from underperform, while J.P. Morgan analyst Tien-tsin Huang raised his call on EDS to neutral from underweight. ...

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