Piper Jaffray Raises Telvent Git Price Target (TLVT)

Piper Jaffray raised its Price Target on shares of Telvent Git, S.A. (NASDAQ: TLVT) to $29 from $26 today. Piper Jaffray reiterated its Overweight rating on the stock.

Piper Jaffray also raised Telvent Git FY10 and FY11 earnings estimates "after the company reported healthy 2Q upside and set full-year sales & EPS guidance above Piper Jaffray estimates."

Piper Jaffray analysts "believe concerns around exposure to Spain are embedded in the stock and the valuation has heavily discounted this company's growth opportunities across a wide set of energy efficiency platforms."

Telvent GIT, S.A. is an information technology solutions and information services provider. Shares are lower by 1% today, to $21.52.