UPDATE: Raymond James Lowering Price Target On DemandTec
Raymond James is lowering its price target on shares of DemandTec, Inc. (NASDAQ: DMAN) to $11 from $14.50.
In the note to clients, Raymond James writes, "It was the worst conference call that I have ever listened to as a publishing analyst".... ouch... Terry is asking investors to stick it out but it's going to get slammed today... he feels that they will replace the CEO eventually... he thinks they either right the ship or the company will be sold at a decent premium (low teens multiple, $12- $14 multiple).... he thinks it'll settle at 2x Rev which is $6.50- $7 range"
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