BMO Capital Markets Reiterates Market Perform Rating, $30 PT for TIBCO Software

In a report published earlier today, BMO Capital Markets reiterated its Market Perform rating and $30.00 price target for TIBCO Software Inc. TIBX. BMO Capital went on to say “We are adjusting our fiscal 2012 estimates for the recent acquisition of LogLogic as well as currency shifts. We are raising our revenue estimate to $1.08 billion from $1.07 billion and reaffirming our non-GAAP EPS estimate of $1.18.” TIBCO Software Inc. closed on Friday at $26.69.