Solera price target lowered to $45 from $58 at Baird Baird lowered its price target on Solera to $45 from $58 but believes the risk/reward and current valuation are attractive. The firm believes a few more quarters of consistent execution/margin expectations may be required to have investor's gain confidence in the company's long-term vision. Baird reiterated its Outperform rating on Solera shares.
Solera downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded Solera Holdings to Neutral with a $43 price target citing "disappointing" near-term earnings expectations after the company's FY16 outlook missed estimates.
Solera completes acquisition of 100% of Identifix Solera announced the closing of its acquisition of 100% of Identifix, a data-driven software-as-a-service company. Identifix builds proprietary databases, proven workflow solutions and expert crowd-sourced experiences that help mechanical repair shops and auto dealers increase their efficiency, profitability and customer loyalty.