UPDATE: Wunderlich Initiates Intralinks Holdings at Buy

Wunderlich is out with its report today on Intralinks Holdings

, 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.