Goldman Sachs Upgrades CVLS, Downgrades TIBX

November 16, 2009 7:24 AM EST

Goldman Sachs is refreshing their M&A outlook and updating price targets in Data Center Techtonics due to recent acquisitions of 3Com by HP and Omniture by Adobe.

Goldman Sachs upgrades CommVault (Nasdaq: CVLT) to Buy and raised thier price target from $23 to $25.

The firm downgraded TIBCO (Nasdaq: TIBX) to Sell and lowered their pricet arget from $9.50 to $9.00.

The firm raised their price target on Intuit (Nasdaq: INTU) from $31 to $34.

In software, the firm said Citrix (Nasdaq: CTXS), CommVault, Limelight (Nasdaq: LLNW), Red Hat (NYSE: RHT), and SuccessFactors (Nasdaq: SFSF) now have the highest M&A potential, in their view, given their respective strategic assets and more palatable size.


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Stocks Mentioned

CTXS 56.67

+9.34 +19.73%
Volume: 14,812,640
Track CTXS

CVLT 18.47

-0.55 -2.89%
Volume: 506,778
Track CVLT

INTU 39.58

+0.00 +0.00%
Volume: 3,654,675
Track INTU

LLNW 4.24

-0.02 -0.47%
Volume: 305,102
Track LLNW

RHT 32.01

+0.21 +0.66%
Volume: 4,094,604
Track RHT

SFSF 20.50

-1.49 -6.78%
Volume: 1,172,244
Track SFSF

TIBX 13.55

+0.04 +0.30%
Volume: 2,828,837
Track TIBX


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