Tyler Tech (TYL) Shares Surge Into Close Following Dougherty Upgrade

Shares of Tyler Tech (NYSE: TYL) have ticked to session highs heading into the close as Dougherty & Co.'s Raghavan Sarathy issued an intraday upgrade on the stock. The analyst now rates Tyler Tech shares a Buy, up from Neutral previously. Sarathy established a $43 price target.

The upgrade follows better-than-expected Q4 results and FY12 guidance from Tyler Tech Wednesday afternoon.

Sarathy cited "higher-than-forecast license revenue..."

Shares of Tyler Tech last traded at $38.18, up 4.4 percent from Wednesday's close. Dougherty's new price target implies potential upside of about 12.6 percent from where the stock is currently trading.

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

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