Taleo (TLEO) +15.7% premarket after BMO Capital Markets upgrades shares and raises its target...


Taleo (TLEO) +15.7% premarket after BMO Capital Markets upgrades shares and raises its target price to $40, following SAP's bid for Taleo rival SuccessFactors (SFSF). Investors will view Taleo as "the most obvious acquisition candidate and that Oracle is the most obvious buyer," but BMO also likes its low relative valuation and 20%-30% billings growth rate, on par with SFSF.

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