Morgan Stanley Sees Mixed Factors for TIBCO Software

In a report published Friday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “In line with the challenges seen over the past two years in sustaining consistent execution across the portfolio, an improving infrastructure business in TIBCO's Q1 is likely overshadowed by the lack of growth in Spotfire. With productive sales capacity declining, we don't see a quick fix. A 13.7X multiple against our CY15 FCF, well prices in our mid-single digit revenue growth forecast.” TIBCO Software closed on Thursday at $21.59.