It looks like there'll be a spot of e-trouble for e-services.
analyst Gregory Gore wrote Friday that he expects companies in this sector to guide earnings estimates lower in the near future.
The problems facing e-service companies are myriad. A technology-spending slowdown clogs a vital revenue stream for companies like
. Gore advised investors that his current estimates were too aggressive given the current economic climate. But, he refrained from making any adjustments now.
"We do not see near-term positive catalysts for any of the stocks under coverage," he said.
was cut to buy from strong buy with a new price target of $40, $15 lower than the previous estimate. Gore maintained his buy rating on other e-service companies, including Sapient,
. He kept a neutral rating on