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Canaccord Genuity Initiates Coverage on 16 Technology – Enterprise Software Stocks

October 5, 2010 11:16 AM EDT Send to a Friend
Get Alerts ULTI Hot Sheet
Price: $145.69 --0%

Rating Summary:
    10 Buy, 12 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 9 | Down: 8 | New: 41
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Canaccord Genuity initiates coverage on Technology – Enterprise Software stocks.

Canaccord analyst says, "We are launching coverage of 16 software companies (two transfers of coverage). Our four favorite BUY-rated stocks are: Ultimate Software (Nasdaq: ULTI), Autodesk (Nasdaq: ADSK), AspenTech (Nasdaq: AZPN) and Pegasystems (Nasdaq: PEGA). Each firm has unique drivers, but they are all leaders in their segments."

Other stocks include: ANSYS (Nasdaq: ANSS), Bottomline Technologies (Nasdaq: EPAY), Constant Contact (Nasdaq: CTCT), Intuit (Nasdaq: INTU), Monotype Imaging (Nasdaq: TYPE), Nuance Communications (Nasdaq: NUAN), Oracle (Nasdaq: ORCL), Parametric Technology (Nasdaq: PMTC), and SPS Commerce (Nasdaq: SPSC) - Rated 'Buy'.

Success Factors (Nasdaq: SFSF), Salesforce.com (NYSE: CRM), NetSuite (NYSE: N) - Rated 'Hold'.




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