PeopleSoft Up on Raised Target, Rollout
PeopleSoft (PSFT) was up 9% in midmorning after J.P. Morgan raised its six-month price target to $48 from $37. The No. 2 customer relationship management software company announced today it will ship its new Web-based software to customers at the end of June.
Morgan said that PeopleSoft is positioned for strong growth, even if that growth won't threaten market share held by
Siebel Systems
(SEBL)
, the leader in the space.
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