JP Morgan's recent meeting with CA Technologies remains positive (CA)

After meeting with CA Technologies (Nasdaq: CA) CEO, Bill McCracken, JP Morgan feels much more optimistic regarding CA's prospects over the next 12-18 months.

JP Morgan's recent positive rating on the CA shares has been much more value driven than anything else, but they now feel that CA has a logical strategy to attain worthwhile goals with the structure and plan in place to execute it.

JP Morgan continues to rate CA Overweight with a Dec 2010 Price Target of $27.00. CA currently trades at $20.67.