UPDATE: Piper Jaffray Maintains Neutral Rating, Lowers PT for Solera Holdings

In a company note released earlier today, Piper Jaffray & Co. maintained its Neutral rating for Solera Holdings Inc.

but lowered its price target from $52.00 to $48.00. Piper Jaffray went on to say “Continuing revenue headwinds and a downward bias in estimates lead us to conclude that it is too early to own SLH shares. We like the company's long-term growth prospects and record of execution, but see other, more compelling growth stories in the information services sector over the next 6-12 months and therefore maintain our Neutral rating.” Solera Holdings Inc. closed yesterday at $45.23.