Morgan Stanley Looks at Second Half at Success Factors

Morgan Stanley has published a research report on SuccessFactors SFSF stating confidence in the software solutions provider. In the report, Morgan Stanley wrote, " Concerns about Plateau, organic growth, and the broader macro have weighed on SFSF shares and the stock is down nearly 40% over the past 4 months, but strong Q2 results give us increased confidence that the organic growth story remains on track, and we would be buyers at current levels." Morgan Stanley rated Success Factors an Overweight with a price target of $45.00. Success Factors closed Friday at $25.13.