BGB Securities Has Buy On CIBER Inc.

BGB Securities is out with a research report on CIBER Inc. (NYSE: CBR) and it has a Buy rating and a $5 price target on shares after it reported earnings.

In a note to clients, BGB Securities writes, "We are reiterating our Buy rating but lowering our price target to $5 from $7 after reporting a disappointing quarter and withdrawing its guidance."

Shares of CBR closed at $3.94 yesterday.