Monday, December 30, 2013

Research analysts rate Textura shares “outperform” and “buy”

One can only wonder, “what are they thinking?”

Textura Corp Receives Outperform Rating from Credit Suisse (TXTR)
Posted by Scott Davis, of WKRB News, on Dec 30th, 2013

Textura Corp (NASDAQ:TXTR)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Monday, Analyst RN reports. They currently have a $50.00 target price on the stock. Credit Suisse’s price objective indicates a potential upside of 69.26% from the company’s current price.

TXTR has been the subject of a number of other recent research reports.

Analysts at UBS AG reiterated an “outperform” rating on shares of Textura Corp in a research note to investors on Friday. Analysts at Oppenheimer raised their price target on shares of Textura Corp from $36.00 to $38.00 in a research note to investors on Friday, November 22nd. They now have an “outperform” rating on the stock. Six investment analysts have rated the stock with a buy rating. The stock has a consensus rating of “Buy” and an average target price of $36.60.

Post updated at 4:27 pm, Dec 20:
Textura Corp. (NYSE: TXTR) was reiterated as Outperform along with a $50 price target at Credit Suisse. The firm said that a negative report from Citron on the company last week that knocked about 20% of its value off has created as buying opportunity. Credit Suisse believes the report is untrue. It said the report was full of profanity and that it sees no merits to any of the work, with the report alluding to incorrect innuendos and false assumptions that suggested management misled investors. After shares saw a more than a 5% gain to $29.54 on Friday, the post-IPO range is $19.68 to $47.25.

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