UPDATE: Piper Jaffray Raises Acxiom's PT

According to a research report published this morning, Piper Jaffray has increased Acxiom's

PT from $12 to $13. In the report, Piper Jaffray said, "Acxiom rounded out its executive team, adding Dr. Phil Mui, formerly of Google Analytics, to head Product Development and identified a path to leverageable growth within its core competency. With new expectations set for NTM, the company must prove it can execute and compete in an increasingly digital world. We remain on the sidelines as we expect the NTM will be bumpy and investment returns remain uncertain." Piper Jaffray maintains its Neutral rating on Acxiom, which closed yesterday at $13.46.