Goldman Sachs Upgrades CVLS, Downgrades TIBX
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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