Deutsche Bank Raises EXBD Price Target to $40

Deutsche Bank has raised The Corporate Executive Board Company's EXBD Price Target from $37 to $40. According to the report, "The Corporate Executive Board held its first investor day in memory. We think the event in itself suggests management is very confident about its near and medium-term outlook. Key to that increased confidence, in our view, is the success of the new sales model (account management vs. product sales), improved corporate discretionary spending, and increased brand awareness due to improved PR and advertising. We expect strong results in the coming quarters and potentially for guidance to be raised." EXBD has a Hold Rating and closed at $37.86 on Friday.