March 22, 2013 at 14:23 PM EDT
UPDATE: JP Morgan Lowers PT on TIBCO Software, Management Blames Sales Execution for Poor Results
JP Morgan analyst published a report on TIBCO Software (NASDAQ: TIBX ) that reiterated its Overweight rating and lowered the price target from $32 to $27. JP Morgan reported that, “TIBCO reported disappointing results for the second consecutive quarter, missing just about every metric, though cash flow was very strong.
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