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Nomura's Rick Sherlund launches coverage of cloud business software vendors Taleo (TLEO) and...

Nomura's Rick Sherlund launches coverage of cloud business software vendors Taleo (TLEO) and Cornerstone OnDemand (CSOD) with Buy ratings (I, II) after the close. Sherlund sees both companies, which have rallied on buyout hopes, benefiting from the strong operating leverage built into their business models, and from cross-selling opportunities.
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