UPDATE: Wunderlich Raises Price Target on Concur Technologies to $68

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According to Wunderlich Securities, Concur Technologies
CNQR
price target is raised to $68. Wunderlich said that Concur Technologies (
CNQR
) announced strong fiscal 1Q12 results last night, with record revenues and solid earnings upside. “We are increasing our price target to $68 to reflect its accelerating growth and strong outlook. We reiterate our Buy rating and would advocate a long-term, buy-and-hold strategy at current levels for this fast-growing SaaS sector leader.” Concur Technologies closed yesterday at $54.04.
Posted In: Analyst ColorPrice TargetAnalyst RatingsWunderlich Securities
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