Drexel Hamilton Upgrades Qlik Technologies (QLIK) to Buy; Recent Dips Offers Attractive Entry Point

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Drexel Hamilton upgraded Qlik Technologies (NASDAQ: QLIK) from Hold to Buy with a price target of $30.00.

Analyst, James Gilman, said, "Based on the revenue synergies from the acquisition of Expressor, takeaways from the meeting with the CFO, the partner-marketing event and other recent industry events, we upgrade shares of Qlik Technologies to Buy."

Raises FY12 EPS estimate from $0.43 to $0.44 and FY13 from $0.53 to $0.58.

For an analyst ratings summary and ratings history on Qlik Technologies click here. For more ratings news on Qlik Technologies click here.

Shares of Qlik Technologies closed at $22.77 yesterday, with a 52 week range of $19.59-$35.62.

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