Piper Jaffray downgrades Business Objects (BOBJ) to Market Perform
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Up: 16 | Down: 7 | New: 23
Piper Jaffray downgrades Business Objects (Nasdaq: BOBJ) from Outperform to Market Perform with a $59 price target on the SAP acquisition.
The firm said, "We believe this deal signals a willingness by SAP to be more aggressive on the acquisition front; therefore, this could be a positive signal for continued consolidation, especially for smaller enterprise application vendors."
The firm said, "We believe this deal signals a willingness by SAP to be more aggressive on the acquisition front; therefore, this could be a positive signal for continued consolidation, especially for smaller enterprise application vendors."
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