Concur Technologies (CNQR +5.7%) is rallying on an upgrade to Buy from Wunderlich's Richard...

|About: Concur Technologies, Inc. (CNQR)|By:, SA News Editor

Concur Technologies (CNQR +5.7%) is rallying on an upgrade to Buy from Wunderlich's Richard Baldry: he thinks management's fiscal 1H13 guidance "should prove overly conservative," and foresees 30% Y/Y organic growth in 2H. The travel expense software firm's shares have tread water for much of 2012, as the Street digests its lofty valuation.