Benchmark Maintains Buy On MANH

Benchmark has issued a report maintaining a Buy Rating on Manhattam Associates INc MANH. According to the report, "We're maintaining our Buy rating as we continue to believe MANH can exceed investor expectations during 2011 and beyond given the Company's leverage to a retail sector recovery, a pick-up in license revenue (particularly large deals) and a revenue tailwind from the SCOPE supply chain product cycle that has the potential to drive modest incremental top line upside." MANH has a $37 Price Target and closed at $33.85 a share yesterday.