Deutsche Bank Reiterates Buy on DemandTec

Deutsche Bank is out with its report today on DemandTec

, reiterating Buy. In a note to clients, Deutsche Bank writes, "DemandTec announced the Dollar General win, which is an annual seven-figure, multi-year deal won from Revionics (who held the prior contract till later this year), and contains pricing/markdown modules. This rolls out across 9,500 stores later this year. We do not anticipate material upside to current guidance, and expect the full revenue run rate in F1Q13. Recall, DMAN under-performed the peer group recently (down 29% in last 3 months, vs flat NASDAQ) with doubts around competitive positioning, which we think are unfounded. Reiterate Buy and $15 PT." Shares of DMAN closed Monday at $8.59, up 8.32% from Friday's close.