UPDATE: Oppenheimer Upgrades Retalix; Raises PT

According to a research report published this morning, Oppenheimer has upgraded Retalix

to Outperform, and raised PT to $25. In the report, Oppenheimer commented, "We see the company being in the right place at the right time with the right product. The place and time: Retail vendors are now seeing the benefits of point-of-sale software as more than a means to collect money. They see it as a way to attract and retain customers with mobile checkout, integration of online sales with store pickup, data collecting of loyal customers, etc. Right product: Retalix's R10 is, in our view, the leading checkout software and technologically ahead of its competition. Put together, we believe RTLX has the opportunity to see double-digit growth for the near/medium term. Last, we tweak 2012 estimates to be in line with mgmt guidance." Retalix is currently trading at $19.51.