Jefferies Boosts Price Target on Compuware (CPWR) to $10 After Meetings

Jefferies raised its price target on Compuware (NASDAQ: CPWR) from $9 to $10 following meetings with management. The firm reiterated its Buy rating.

The firm commented, "We recently hosted management meetings with CPWR where the company remains optimistic regarding the long term revenue potential within the APM segment, has growing comfort in the output from the October sales re-org and is more aggressively targeting aggregate margin expansion of the company."

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

Shares of Compuware closed at $8.74 yesterday.

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