J.P. Morgan Maintains Overweight on Taleo

J.P. Morgan is out with its report today on Taleo TLEO, maintaining Overweight. In a note to clients, J.P. Morgan writes, "After the market close, TLEO announced it had reached a settlement agreement with KNXA KNXA in a patent dispute that dates back to 2007. Although the settlement provides for TLEO to make a cash payment to KNXA, we consider the settlement amount to be immaterial to TLEO. Our opinion on shares of TLEO remains unchanged. We continue to rate shares of TLEO Overweight." Shares of TLEO closed Tuesday at $36.84, down 0.08% from Friday's close.