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MUFG Analyst Upgrades Box On Momentum, 'Multitude Of Opportunities'
Thursday, June 1, 2017 - 2:26pm | 453Analysts at MUFG Securities found Box Inc (NYSE: BOX)'s earnings report convincing enough to upgrade the stock from Neutral to Overweight with a price target boost from $17.50 to $23. Box executed well in its earnings report, led by at least a 30-percent growth in top line, bookings and...
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Mitsubishi UFG Securities Initiates Open Text At Overweight
Friday, October 21, 2016 - 9:00am | 366Mitsubishi UFG Securities has started coverage of Open Text Corp (USA) (NASDAQ: OTEX) with an Overweight rating and a price target of $74, implying an upside potential of 15 percent from current levels. Open Text provides Enterprise Information Management (EIM) software and business process...
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AutoDesk Downgraded At Mitsubishi UFG
Monday, August 29, 2016 - 11:30am | 426Mitsubishi UFG has downgraded Autodesk, Inc. (NASDAQ: ADSK) to Underweight from Neutral, as the brokerage is not convinced of the immediate positives from the company's shift to a new subscription model. Moreover, the brokerage has less conviction on its revenue and earnings estimates, due in...
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MUFG Wouldn't Be Surprised If Qlik Sale Rumor Is True
Monday, March 28, 2016 - 2:55pm | 291Shares of Qlik Technologies Inc (NASDAQ: QLIK) spiked higher by more than 8 percent following unconfirmed M&A chatter. Stephen Bersey of MUFG commented in a note that market chatter of a potential sale is likely to be "accurate." The analyst maintained an Outperform rating on shares of Qlik...
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MUFG Analyst Starts Workday At Overweight, Notes Stock Deserves 'Significant' Premium
Tuesday, February 9, 2016 - 10:26am | 346The share price of Workday Inc (NYSE: WDAY) has declined 43.34 percent over the past one year, falling to a low of $48.97 on February 8. Stephen Bersey of Mitsubishi UFJ Securities has initiated coverage of the company with an Overweight rating and price target of $60. Bersey expects...