Stifel Nicolaus Starts MSFT, ORCL, RHT, CTXS, TIBX, CNQR, ARBA, ULTI at Buy, KNXA, MCRS, TDC at Hold

Stifel Nicolaus' Brad Reback initiated coverage on a number of Tech stocks Friday morning:

• Microsoft (Nasdaq: MSFT) with a Buy rating and a $38 price target
  
• Oracle (Nasdaq: ORCL) with a Buy rating and a $34 price target
  
• Red Hat (NYSE: RHT) with a Buy rating and a $70 price target
  
• Citrix (Nasdaq: CTXS) with a Buy rating and a $100 price target
  
• Tibco (Nasdaq: TIBX) with a Buy rating and a $38 price target
  
• Concur Tech. (Nasdaq: CNQR) with a Buy rating and a $67 price target
  
• Ariba (Nasdaq: ARBA) with a Buy rating and a $45 price target
  
• Ultimate Software (Nasdaq: ULTI) with a Buy rating and a $87 price target
  
• Kenexa (Nasdaq: KNXA) with a Hold rating
  
• MICROS (Nasdaq: MCRS) with a Hold rating
  
• Teradata (NYSE: TDC) with a Hold rating

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