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Citigroup Bullish on BMC Software
Tuesday, September 7, 3:48 PM ET

This morning, Citigroup initiated coverage on shares of BMC Software (BMC) with a buy rating as the firm believes growth targets can be acheived this year. With the buy rating, Citigroup set a price target of $45 per share.

In morning trading, shares of BMC were modestly higher, gaining 0.3% today.

FBR upgraded shares of Pioneer Natural Resources (NYSE:PXD) from market perform to outperform as production growth is on track to top estimates. With the upgrade, FBR set a price target of $85 per share.

Shares of PXD were lower, despite the upgrade, falling 1.4%.

And Bank of America raised its price target on shares of AutoZone (NYSE:AZO) from $225 up to $240 as strong fundamentals should push earnings higher at the company. With the higher price target, Bank of America reiterated its buy rating.

Shares of AutoZone were modestly higher, picking up about 0.2% on Tuesday morning.

For MarketNewsVideo.com, I'm Sayoko Murase.

Citigroup Bullish on BMC Software  picture
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