FBR Capital Initiates Demandware At Outperform

Analysts at FBR Capital initiated coverage on Demandware, Inc. (NYSE: DWRE) with a Outperform rating.

The target price for Demandware is set to $70.

Demandware shares have gained 8.52% over the past 52 weeks, while the S&P 500 index has surged 10.90% in the same period.

Demandware's shares rose 5.68% to close at $61.78 yesterday.