NEW YORK (TheStreet) -- Shares of Computer Sciences Corp (CSC) jumped in late afternoon trading, and closed up 5.28% to $59.62 today after the company showed interest in a leveraged buyout, Bloomberg reports.
The technology consultant company is in talks with private-equity firms including Blackstone Group (BX) and Bain Capital to gauge their interests, Bloomberg added.
"We rate COMPUTER SCIENCES CORP (CSC) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: