Piper Jaffray Upgrades Corel Corporation (CREL) to Buy

July 3, 2008 11:08 AM EDT

Piper Jaffray upgrades Corel Corporation (Nasdaq: CREL) from Neutral to Buy with an $11 price target, after in-line results, saying they believe the acquisition at $11 likely happens.

On March 28th, the company received an unsolicited proposal from Corel Holdings, L.P., the holder of 69% of Corel's outstanding common shares, to acquire the company at $11 per share.


Related Categories

Upgrades

Stocks Mentioned

CREL 10.01

+0.00 +0.00%
Volume: 11,121
Track CREL


Related Entities


Add Your Comment