Morgan Stanley Sees Execution Challenges, Low Event Probability For TIBCO Software
In a report published Thursday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on TIBCO Software (NASDAQ: TIBX).
In the report, Morgan Stanley noted, “Recent reports suggest TIBX may be in early stages of exploring strategic alternatives following recent weakness in its business, particularly Spotfire. While our SOTP analysis indicates 15-20% potential upside, we remain on the sidelines given execution challenges and low probability of an event.”
TIBCO Software closed on Wednesday at $21.35.
Latest Ratings for TIBX
|Sep 2014||RBC Capital||Upgrades||Underweight||Equal-weight|
|Sep 2014||Wells Fargo||Downgrades||Outperform||Market Perform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.