UPDATE: Wunderlich Initiates Vocus at Buy

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Wunderlich is out with its report today on Vocus (NASDAQ: VOCS), initiating VOCS at Buy.In its report, Wunderlich writes, "We are initiating coverage of Vocus, Inc. with a Buy rating and a $38.00 price target. Vocus is the largest-scaled SaaS player dedicated to the public relations space. In our opinion, as social media's emergence increases pressures on corporations to engage more closely with their customers, PR solutions providers such as Vocus are well positioned to increase their perceived value proposition to the benefit of long-term growth and profitability."Shares of VOCS closed Tuesday at $20.65, up 6.61% from Monday's close.

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