J.P. Morgan Overweight on TIBCO Software

J.P. Morgan Chase & Co. is out with a research report on TIBCO Software Inc (NASDAQ: TIBX) and it has an Overweight rating and a $32 price target on shares.

In a note to clients, J.P. Morgan Chase & Co. writes, "We attended TUCON, TIBCO's user conference, and the company's analyst day last week in Las Vegas. The conference was well attended with paid attendees up roughly 50% over last year to almost 2,000. While there was nothing to change our positive opinion of the shares, we believe the following highlights should be of interest to investors."

Shares of TIBX closed at $23.10 on Friday.