Stifel Nicolaus Maintains Hold on BMC Software

Stifel Nicolaus is out with its report today on BMC Software BMC, maintaining Hold. In its report, Stifel Nicolaus writes, "We are maintaining our Hold rating on shares of BMC. BMC shares currently trade at 11x our CY2012 EPS estimate, a discount to the peer group median at 15.5x. We think this discount fairly reflects the slower growth rate for BMC relative to the peer group and we do not expect BMC to maintain the current MSM growth rate in the future." Shares of BMC closed Monday at $37.59.