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UPDATE: Morgan Stanley Reiterates On TIBCO Software Inc.

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In a report published Friday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on TIBCO Software Inc. (NASDAQ: TIBX), and named a $21.00 price target.

In the report, Morgan Stanley noted, Better sales processes, a more focused product strategy and more cloud offerings are necessary changes for TIBCO. However, near-term execution challenges compound these transition impacts, and this turnaround plan will likely take time to bear fruit. We remain on the sidelines.”

TIBCO Software Inc. closed on Thursday at $20.79.

Latest Ratings for TIBX

DateFirmActionFromTo
Sep 2014UpgradesUnderperformEqual-weight
Sep 2014UpgradesUnderweightEqual-weight
Sep 2014DowngradesOutperformMarket Perform

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Posted-In: Keith Weiss Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

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