Brean Murray Downgrades Taleo (TLEO) to Hold
More News related to TLEO
- Morgan Stanley Starts Several Software Companies (FIRE, MFE, CRM, more..)
- Taleo Added to S&P SmallCap 600 Index
- Standard & Poor's Announces Changes to U.S. Indices
- Taleo Achieves 100 Million Job Applicants
- Taleo Unveils Performance Management Solution for Small and Medium Sized Businesses
More News related to Downgrades
- JPMorgan Starts City National (CYN) at Neutral
- Oppenheimer Initiates Coverage on BTU International (BTUI)
- Barclays Initiates Coverage on F5 Networks (FFIV) with a Overweight
- Barclay's Initiates Coverage on IAC/InterActiveCorp (IACI) with an Overweight
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]
Related Categories
DowngradesStocks Mentioned
-0.36Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
