UPDATE: Morgan Stanley Initiates Coverage on Bazaarvoice

According to a research report released this morning, Morgan Stanley has initiated Bazaarvoice

with an Overweight rating and $24 PT. In the report, Morgan Stanley said, “Through technology, content and networks, Bazaarvoice is transforming the process of buying goods and services by bringing collective knowledge to purchases. We see 30%+ growth as sustainable, with positive revisions helping to fuel performance, and initiate at OW with a $24 target.” Bazaarvoice closed yesterday at $19.27.