UPDATE: Credit Suisse Initiated Kenexa Corporation at an Outperform Rating

Credit Suisse initiated coverage on Kenexa Corporation

at an Outperform rating and a $35 price target. Credit Suisse commented, “Kenexa is a leading provider of integrated human capital management solutions. Barring a significant slowdown in the demand for skilled labor globally, we believe that Kenexa will continue to meet or exceed management's guidance and investors' expectations, as the company continues to benefit from improvement in its RPO business, surveys, and further penetrates into its blue-chip accounts.” Kenexa closed at $24.09 on Friday.