Markets & Finance

JP Morgan Upgrades WebMethods


JP Morgan upgrades WebMethods (WEBME) to overweight from neutral.

Analyst Sterling Auty says the company's shift to solution selling is paying off, and positions it for sequential growth, back to 11% growth in fiscal 2006 (ending March).

Also, expected corporate spending on new applications brings along demand for integration software which should be key theme in continuing demand for integration technology in 2005. Auty believes the company's product portfolio can capitalize as Service-Oriented Architecture is growing standard for integration systems.

Therefore, Auty upgrades on an attractive valuation, improving sales, and continuing good macro demand for integration solutions.


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