Market Overview

UPDATE: Cantor Fitzgerald Initiates Open Text at Hold on Macro Headwinds

Related OTEX
Open Text Explodes On Earnings Beat: Analysts Like What They See
Dow Suffers 300 Point Drop; S&P 500 And NASDAQ Also Tumble

Cantor Fitzgerald initiated coverage on Open Text (NASDAQ: OTEX) with a Hold rating and a $56 price target.

Cantor Fitzgerald said, "We are initiating coverage of Open Text, a leading provider of software that allows companies to organize and manage their content. The company is focused more on organic growth with the arrival of new CEO Mark Barrenechea. While a positive move, we anticipate macro headwinds could delay the return on these investments."

Open Text closed at $136.88 on Monday.

Latest Ratings for OTEX

DateFirmActionFromTo
Jul 2014Credit SuisseUpgradesNeutralOutperform
Jun 2014CIBCMaintains
Dec 2013PI FinancialDowngradesBuyNeutral

View More Analyst Ratings for OTEX
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (OTEX)

Around the Web, We're Loving...

Get Benzinga's Newsletters