Analyst Ratings for Concur Technologies (CNQR)

Overall Rating: NEUTRAL Rating Trend: = Avg. $ Target: $60.72 (-26%)

Date	Firm	Type	Rating (Past)	PT (Past)	Start $	End $	% Chg.	Details
4/9/2013	Oppenheimer	Downgrade	Underperform (Perform)	N/A (N/A)	64.95	82.08	26.37%	Details
3/20/2013	FBN Securities	New Coverage	Sector Perform (N/A)	75.00 (N/A)	69.64	82.08	17.86%	Details
12/14/2012	Janney Montgomery Scott	New Coverage	Neutral (N/A)	70.00 (N/A)	66.15	82.08	24.08%	Details
12/10/2012	Wunderlich Securities	Upgrade	Buy (Hold)	N/A (N/A)	61.82	82.08	32.77%	Details
11/8/2012	Piper Jaffray	Downgrade	Underweight (Neutral)	49.00 (60.00)	64.96	82.08	26.35%	Details
8/7/2012	Nomura Securities » Updated 9/25/2012	New Coverage	Buy (N/A)	80.00 (80.00)	65.51	82.08	25.29%	Details
8/3/2012	Goldman Sachs	Downgrade	Sell (Neutral)	56.00 (56.00)	64.71	82.08	26.84%	Details
7/20/2012	Credit Suisse	New Coverage	Outperform (N/A)	78.00 (N/A)	66.85	82.08	22.78%	Details
3/9/2012	DA Davidson	Downgrade	Neutral (N/A)	62.00 (N/A)	61.55	82.08	33.35%	Details
2/3/2012	Caris & Co.	Downgrade	Sell (N/A)	45.00 (N/A)	58.74	82.08	39.73%	Details
2/2/2012	UBS » Updated 4/16/2013	Upgrade	Buy (N/A)	80.00 (81.00)	58.38	82.08	40.6%	Details
1/23/2012	FBR Capital	Downgrade	Market Perform (N/A)	52.00 (N/A)	53.92	82.08	52.23%	Details
1/9/2012	Jefferies » Updated 1/31/2013	Downgrade	Hold (N/A)	76.00 (66.00)	48.97	82.08	67.61%	Details
9/27/2011	Morgan Joseph	New Coverage	Buy (N/A)	50.00 (N/A)	37.40	82.08	119.47%	Details
8/16/2011	Morgan Keegan	New Coverage	Market Perform (N/A)	42.00 (N/A)	39.26	82.08	109.07%	Details

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