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Jefferies maintained a Buy rating on SolarWinds
SWI and increased its price target from $52 to $54.
Jefferies noted, “SWI demonstrated it has a grasp of its business in all environments as its distribution model and product positioning are proving disruptive with outsized growth and share gains. Growth accelerated across most metrics with EMEA having the strongest geo performance based on expansion and likely “trade-down” dynamics. Valuation is near pushback levels but SWI is one of the few companies where we expect continued upside results in 2H12.”
SolarWinds closed at $49.48 on Wednesday.
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