UPDATE: Morgan Stanley Raises Target to $14 on Responsys

Morgan Stanley reiterates its Overweight rating on Responsys

and raises its price target $1 to $14, reflecting the company's strong Q4 beat. Morgan Stanley notes, "MKTG closed out the year on a high note as strong e-commerce activity drove revs. and EPS ahead of expectations. Sales investments will pressure margins in CY12, but should also contribute to top line growth as sales capacity grows 40%, and we remain buyers while raising our PT from $13 to $14." MKTG closed at $11.99 a share on Tuesday.