The Benchmark Company restates Buy ratings, raises targets on Progress Software, RealPage, QAD
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Analyst Mark Schappel views a stage generally set for positive December prints among software vendors, particularly spotlighting Progress Software on takeout potential and strong recent performance, RealPage on improved competitive positioning and growing analytics opportunity in rental housing segment, and QAD on expected increase in pro-business, specifically in manufacturing, policy.
- Raises Progress Software (NASDAQ:PRGS +0.2%) target to $34 [current price $32.14], RealPage (RP +0.2%) to $35 [$29.90] and QAD (QADA, QADB) to $33 ($30, $25.70).