Morgan Stanley Maintains Equal-Weight on DemandTec (DMAN)

Morgan Stanley is out with its report today on DemandTec (NASDAQ: DMAN), maintaining Equal-weight.

In a note to clients, Morgan Stanley writes, "DMAN has an expanding opportunity set in new areas like apparel and quick-service restaurants, and in new product areas with nextGEN. However, additional large signings may still be a couple of Qs out, while a lower renewal rate in Q4 raises a risk for FY12. We still see big wins as potential upside opportunities, but prefer to stay on the sidelines for now given the uncertain outlook."

At the time of posting, shares of DMAN were trading pre-market at $12.35, down 6.16% from Thursday's close.