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Deutsche Bank Reiterates Buy on Salesforce.com, Raises PT to $210
Friday, May 20, 2011 - 8:05am | 146Deutsche Bank reiterated its Buy rating on Salesforce.com (NYSE: CRM). At the same time, DB raised its price target from $200 to $210 after Salesforce.com posted better than expected Q1 results. In a research report published today, DB states, "Salesforce.com reported 1Q12 revenue of $504m that...
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Kenexa Announces Prices 3M Common Stock Offering at $27.75
Friday, May 20, 2011 - 8:02am | 75Kenexa Corporation (NASDAQ: KNXA) announced today the pricing of its underwritten public offering of 3,000,000 shares of its common stock at $27.75 per share. Kenexa expects to receive net proceeds of approximately $78.7 million after deducting underwriting discounts and commissions and estimated...
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Piper Jaffray Maintains Neutral Rating On Autodesk
Friday, May 20, 2011 - 7:40am | 90According to Piper Jaffray, Autodesk (NASDAQ: ADSK) reported slight Q1 revenue and EPS upside relative to the Street. Piper Jaffray said that the Q2 outlook was mixed, implying upside to revenue and slight downside to EPS, similar to last quarter's guidance. “The company raised its FY12 revenue...
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UPDATE: J.P. Morgan Raises PT on Autodesk to $46
Friday, May 20, 2011 - 7:40am | 86J.P. Morgan is out with its report today on Autodesk (NASDAQ: ADSK), raising its PT from $44 to $46. In a note to clients, J.P. Morgan writes, "We are raising our December 2011 PT to $46 (from $44) based on 24x our new FY13 EPS of $1.92. This assigned multiple is in line with where ANSS is...
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Wedbush Raises PT On salesforce.com To $170
Friday, May 20, 2011 - 7:12am | 27Wedbush Securities has raised the price target on salesforce.com (NYSE: CRM) from $150 to $170 and maintains its Outperform rating.
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JP Morgan Raises PT On Intuit To $58.50
Friday, May 20, 2011 - 6:59am | 26JP Morgan has raised the price target on Intuit (NASDAQ: INTU) from $57.50 to $58.50 and maintains its Overweight rating.
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Piper Jaffray Reiterates Overweight on Salesforce.com, Raises PT to $183
Friday, May 20, 2011 - 6:45am | 173Piper Jaffray reiterated its overweight rating on Salesforce.com (NYSE: CRM). At the same time, Piper Jaffray increased its price target from $177 to $183, after Salesforce.com posted better than expected Q1 results. In a research report published today, Piper Jaffray states, "Consistent with...
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JP Morgan Raises PT On Autodesk To $46
Friday, May 20, 2011 - 6:23am | 26JP Morgan has raised the price target on Autodesk (NASDAQ: ADSK) from $44 to $46 and maintains its Neutral rating.
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Piper Jaffray Raises PT On Autodesk To $44
Friday, May 20, 2011 - 6:11am | 26Piper Jaffray has raised the price target on Autodesk (NASDAQ: ADSK) from $43 to $44 and maintains its Neutral rating.
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Deutsche Bank Raises PT On salesforce.com To $210
Friday, May 20, 2011 - 5:44am | 27Deutsche Bank has raised the price target on salesforce.com (NYSE: CRM) from $200 to $210 and maintains its Buy rating.
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Piper Jaffray Raises PT On salesforce.com To $183
Friday, May 20, 2011 - 5:41am | 27Piper Jaffray has raised the price target on salesforce.com (NYSE: CRM) from $177 to $183 and maintains its Overweight rating.
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Stocks To Watch For May 20
Friday, May 20, 2011 - 1:44am | 305Some of the stocks that may grab investor focus today are: Analysts expect AnnTaylor Stores Corp (NYSE: ANN) to report its Q1 earnings at $0.48 per share on revenue of $512.11 million. ANN shares gained 0.17% to $30.25 in the after-hours trading session. Gap Inc (NYSE: GPS) reported a 23% decline...
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Salesforce.com Rises 8% On Upbeat Earnings
Thursday, May 19, 2011 - 4:59pm | 176Salesforce.com (NYSE: CRM) released its first quarter earnings results on Thursday after the closing bell. The company reported adjusted net income of $39.8 million or $0.28 per share, compared to $39.9 million or $0.30 per share in the year ago period. This compares to Wall Street analysts'...
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Salesforce.com Rises 8% On Upbeat Earnings
Thursday, May 19, 2011 - 4:58pm | 164Salesforce.com (NYSE: CRM) released its first quarter earnings results on Thursday after the closing bell. The company reported adjusted net income of $39.8 million or $0.28 per share, compared to $39.9 million or $0.30 per share in the year ago period. This compares to Wall Street analysts'...
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Intuit Inc. Drops on Downside Guidance (INTU)
Thursday, May 19, 2011 - 4:54pm | 222Shares of Intuit Inc. (NASDAQ: INTU) are trading lower in the after-hours trade following the release of the company's Q3 earnings results. Currently, shares are lower by 3.40%, trading at $54.00; they closed the regular session higher by 2.98%, at $55.90. Intuit Inc. said that Q3 EPS was $2.33...