Barclays Starts Talend SA (TLND) at Equalweight
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Barclays initiates coverage on Talend SA (NASDAQ: TLND) with a Equalweight rating and a price target of $28.00.
Analyst Raimo Lenschow commented, "We are initiating coverage of Talend with an Equal Weight rating and $28 price target. The company is a strong vendor in the core data integration market and uses an open source model to differentiate itself. It has very interesting growth opportunities in the emerging Big Data and Cloud integration markets where it is partly enjoying a first mover advantage. We expect the company will be free cash flow positive from FY2016 year onwards, which we see as a significant factor for the sustainability of the business going forward."
Shares of Talend SA closed at $29.80 yesterday.
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