Morgan Stanley Resuming IL Coverage At OW, $24 PT

Morgan Stanley is resuming coverage of IntraLinks Holdings, Inc. IL at OW, with a price target of $24. “IL has transformed existing document management technology into a SaaS-based secure document management and workflow platform, fueling strong revenue growth of +30% YTD,” Morgan Stanley writes. “The company continues to execute well, and we expect it to benefit from an expanding product portfolio, share gains in M&A, and investments in sales and marketing.” IntraLinks Holdings closed Monday at $20.43.