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Jefferies & Company Reiterates Hold Rating, $23 PT for Quest Software

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In a flash note published earlier today, Jefferies & Company, Inc. reiterated its Hold rating and $23.00 price target for Quest Software Inc. (NASDAQ: QSFT).

Jefferies went on to say “QSFT announced an alternative merger proposal of $25.75/share from the initial buyout group which has also been expanded to now include Vector Capital. The structure of the proposal raises the potential range for the buyout group to increase its offer, if needed. We think the interest level of the strategic bidder is serious and still think the likelihood of a competing / superior offer is fair.”

Quest Software Inc. closed yesterday at $26.52.

Latest Ratings for QSFT

DateFirmActionFromTo
Oct 2012JefferiesTerminates Coverage On
Jul 2012JP MorganDowngradesOverweightNeutral
Mar 2012Wunderlich SecuritiesMaintainsHold

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Posted-In: Jefferies & Company Inc.Analyst Color Reiteration Analyst Ratings

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