UPDATE: Goldman Sachs Initiates Coverage on Jive Software at Neutral

According to Goldman Sachs, Jive Software

coverage is initiated at Neutral. Goldman Sachs said that it is initiating coverage of Jive Software with a Neutral rating and a 12-month price target of $16. “Our 12-month price target of $16 is derived from a fundamental valuation component (85% weight) and an M&A component (15% weight).” Jive Software closed yesterday at $15.25.