Piper Jaffray Cuts SuccessFactors (SFSF) to Neutral

December 19, 2011 12:41 PM EST
Get Alerts SFSF Hot Sheet
Price: $39.99 --0%

Rating Summary:
    6 Buy, 11 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 3
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Shares of SuccessFactors (NASDAQ: SFSF) have ticked below $39.80 following an intraday downgrade from Piper Jaffray's Mark Murphy.

The analyst now rates SuccessFactors a Neutral, down from Overweight previously. Murphy maintained a $40 price target.

Late Friday, SAP commenced its previously-announced cash tender offer for the company.

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


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