Morgan Keegan Reiterates Outperform on LogMeln
Morgan Keegan is out with its report today on LogMeln (NASDAQ: LOGM), reiterating Outperfom.
In a note to clients, Morgan Keegan writes, "With shares currently trading at 15x our CY12 CFO estimate cominbed with our expectation for billings growth of +25%, we find valuation at current levels compelling and reiterate our Outperform rating on LOGM."
Morgan Keegan maintains a $60 PT on LOGM.
Shares of LOGM closed Wednesday at $37.21, down 6.25% from Tuesday's close.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We're Loving
