Rally Software (RALY) Misses Q4 EPS by 4c, Offers Q1 & FY Guidance

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Deutsche Bank Upgrades Rally Software Development (RALY) to Buy

March 20, 2015 7:06 AM EDT

Deutsche Bank upgraded Rally Software Development (NYSE: RALY) from Hold to Buy with a price target of $20.00 (from $15.00).The change follows Q4 results. Analyst Nandan Amladi said record billings and seats point to acceleration.

"Rally reported mostly inline F4Q15 results with revenue/EPS... More