Rational Software Down Despite Hiked Price Target - TheStreet

Rational Software (RATL) remained down 4.5% in midafternoon despite a price target hike to $24 from $15 by Prudential Securities.

Prudential said the software and services company's strategy and conservative guidance are sound, and that the company is seeing signs of a pickup in business.

Prudential said it remains cautious before seeing more results.