Deutsche Bank Approves Of Lawson Software (LWSN) Restructuring

Deutsche Bank Securities analysts Tom Ernst Jr, Nandan Amladi and Jobin Mathew reiterated their Buy rating for shares of Lawson Software Inc (Nasdaq: LWSN), with a price target of $9 per share.

The analysts said they thought that the restructuring of 150 to 200 positions at Lawson Software Inc was a move to realign investments closer to market demand.

The Deutsche Bank Securities analysts wrote, "Lawson announced after market close, the restructuring of 150 to 200 positions primarily in the company's M3 operations. The company maintained revenue and non-GAAP EPS guidance for 4Q, and expects a pre-tax restructuring charge in the range of $5m - $7m, a majority to be incurred in the fourth quarter. The company also noted that this is not a reaction to any recent shareholder events. We think the move is reflective of aligning investments closer to market demand notably in the US, and around the cloud and healthcare/HCM domains."