UPDATE: Goldman Sachs Initiates Coverage on Jive Software at Neutral
According to Goldman Sachs, Jive Software (NASDAQ: JIVE) coverage is initiated at Neutral.
Goldman Sachs said that it is initiating coverage of Jive Software with a Neutral rating and a 12-month price target of $16. “Our 12-month price target of $16 is derived from a fundamental valuation component (85% weight) and an M&A component (15% weight).”
Jive Software closed yesterday at $15.25.
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