March 28, 2013 at 12:35 PM EDT
UPDATE: Benchmark Lowers PT on Progress Software Corporation on F1Q13 Reports, Lower 2Q Guidance
In a report published Thursday, Benchmark Company analyst Mark W. Schappel reiterated a Buy rating on Progress Software Corporation (NASDAQ: PRGS ), but lowered the price target from $33.00 to $29.00. In the report, Schappel noted, “Last night, PRGS beat F1Q13 consensus revenue estimates and met our number for EPS.
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