Stock Analysts Resumed Coverage of These Companies on August 16th

Wall St. Watchdog reveals information about companies for which stock analysts resumed coverage on August 16th:

  • Open Text (NASDAQ:OTEX): Morgan Keegan resumed coverage of this company with a rating of Outperform and a price target of $64.  About the company: Open Text Corporation provides intranet, extranet, and corporate portal solutions to organizations located throughout the world. The Company’s flagship product, Livelink is an off-the-shelf, enterprise scalable, collaborative application for companies that want to leverage their information and resources through intranets.
  • Ultimate Software (NASDAQ:ULTI): Morgan Keegan resumed coverage of this company with a rating of Outperform and a price target of $65.  About the company: The Ultimate Software Group, Inc. designs, markets, implements, and supports Web-based and client/server cross-industry human resource management  and payroll software solutions. The Company’s solutions are marketed primarily to middle-market organizations. Ultimate’s products automate HRMS/payroll functions and are enabling tools in the management of the employee life cycle.
  • SuccessFactors (NASDAQ:SFSF): Morgan Keegan resumed coverage of this company with a rating of Outperform and a price target of $33.  About the company:  SuccessFactors, Inc. provides on-demand performance and employee software solutions to help organizations optimize their performance.
  • Taleo (NASDAQ:TLEO): Morgan Keegan resumed coverage of this company with a rating of Outperform and a price target of $33.  About the company: Taleo Corporation is a provider of enterprise staffing management solutions that enable large organizations to establish, automate and manage worldwide staffing processes for professional, hourly and temporary staff.
  • Oracle (NASDAQ:ORCL): Morgan Keegan resumed coverage of this company with a rating of Outperform and a price target of $33.  About the company: Oracle Corporation supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle’s software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers.
  • Kenexa (NASDAQ:KNXA): Morgan Keegan resumed coverage of this company with a rating of Outperform and a price target of $32.  About the company: Kenexa Corporation provides integrated human capital management and technology solutions. The Company’s products and services enable organizations to hire, deploy and retain talented and qualified employees. Kenexa has locations worldwide.
  • Salesforce.com (NYSE:CRM): Morgan Keegan resumed coverage of this company with a rating of Outperform and a price target of $165.  About the company: Salesforce.com, Inc. provides software on demand. The Company supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Clients use Salesforce.com to manage their customer, sales and operational data.
  • Concur Tech (NASDAQ:CNQR): Morgan Keegan resumed coverage of this company with a rating of Mkt Perform and a price target of $42.  About the company: Concur Technologies, Inc. provides workplace eCommerce software and services that extend automation to employees, partners, vendors, and service providers. The Company’s Concur eWorkplace product integrates its suite of workplace eCommerce solutions and provides a portal through which employees can access eCommerce information and services.

(Note: Data on stock ratings are sourced from Briefing.com via the Wall St. Journal.  All data are assumed to be accurate.)

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