Morgan Stanley Initiates Coverage on Mobilelron

In a report released Monday, Morgan Stanley analyst James Faucette initiates coverage on MobileIron, Inc.

giving the company an Overweight rating, with a price target of $13 per share. Analyst at Morgan Stanley favor Mobilelron for being the leading player with its technology, large customer base of over 6000 users, and for expanding its ecosystem of partner applications. Faucette claims Mobilelron's OS integration ability to maintain performance and expand within its user base while up-selling additional functionality presents an expansion opportunity for the company.