Brean Murray Reiterates a 'Buy' Rating on Taleo Corporation (TLEO); Raises Price Target

Brean Murray reiterates a Buy rating on Taleo Corporation (Nasdaq: TLEO). Price target increased to $24.

Brean analyst says, "We believe the company continues to see healthy demand trends, and performance management amplifies its momentum in applicant tracking. Further, Vurv upgrades appear to be progressing well and the company's retention rate for Vurv customers remains very high. Finally, we believe the company appears to have had no negative impact on the business from the recent restatement."

To see more analyst ratings on TLEO Click Here.

Taleo Corporation is a provider on-demand talent management software solutions. The Company offers recruiting, performance management, internal mobility and other software solutions.

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