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UPDATE: Jefferies Raises PT on Compuware Corporation Following 4Q Revenue

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In a report published Wednesday, Jefferies analyst Aaron Schwartz reiterated a Buy rating on Compuware Corporation (NASDAQ: CPWR), and slightly raised the price target from $12.00 to $13.00.

In the report, Jefferies noted, “CPWR reported 4Q revenue consistent with preliminary figures and issued FY14 guidance inline with consensus estimates. Quarter-to-quarter consistency still needs to be proven. But value enhancement initiatives—cost rationalization, capital reallocation and asset monetization—are progressing, which provides a backstop for the stock while the potential for strategic activities evolves.”

Compuware Corporation closed on Tuesday at $11.32.

Latest Ratings for CPWR

DateFirmActionFromTo
Sep 2014DowngradesOverweightEqual-Weight
May 2013MaintainsBuy
Jan 2013MaintainsBuy

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Posted-In: Aaron Schwartz JefferiesAnalyst Color Price Target Analyst Ratings

 

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