Piper Jaffray Maintains Telvent Git S.A. Overweight, $39 PT (TLVT)

Piper Jaffray maintained its Telvent Git S.A.

Overweight rating and $39 price target in a research report published today. In the report, Piper Jaffray states, "We maintain our Overweight rating and $39 price target on shares of TLVT following our discussions with growers at the National Farm Machinery Show in Louisville, KY. Consolidation (increasing farm size and complexity) and exposure to commodity prices (both inputs and outputs) continue to be major themes and concerns in the agricultural community, and the importance of data interconnectivity has translated into more interest in farm productivity software. New profitability and satellite imaging tools in the DTN Ag SaaS platform helped the DTN team generate record first day sales at the trade show." Shares of Telvent Git S.A. were at $26.41 in pre-market trading at the time of posting, down 11.73% from Friday's market close.