Brean Murray Downgrades Taleo (TLEO) to Hold
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Brean Murray downgrades Taleo (Nasdaq: TLEO) to Hold.
The firm believes investors should take a "wait and see" perspective on shares of Taleo as Brean Murray sees a substantial amount of execution risk related to the company's acquisition of Vurv. The firm said that it would recommend investors who already own Taleo to hold, but if new buyers are looking to come in, Brean Murray suggests waiting until further financial details of the deal are understood.
Over the long-term, the firm said it remains a fan of Taleo based on future prospects.
Taleo Corporation provides talent management software solutions worldwide. [BCS]
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