BEA Jumps as Prudential Raises Price Target
It believes BEA will exceed earnings estimates.
Prudential Securities raised its rating on BEA Systems (BEAS) to buy from hold and increased its price target to $20 from $16. Prudential also believes BEA is on track to meet or exceed the consensus estimates for the first quarter. BEA was up almost 8% to $12.98.
