UPDATE: Wunderlich Initiates Intralinks Holdings at Buy

Wunderlich is out with its report today on Intralinks Holdings IL, initiating IL at Buy. In its report, Wunderlich writes, "We are initiating coverage of IntraLinks Holdings, Inc. with a Buy rating and $18.00 price target. IL is the clear market leader in SaaS-based 'virtual data rooms.' Having initially targeted the highly sensitive financial services space, IntraLinks developed a highly secure and scalable platform that is now rapidly expanding into the broader commercial market." Shares of IL closed Tuesday at $9.13, up 1.44% from Monday's close.