UPDATE: Stifel Reiterates on Tibco Software Following Mixed Quarter and Guide

In a report published Friday, Stifel analyst Brad Reback reiterated a Buy rating on Tibco Software (NASDAQ: TIBX ), but lowered the price target from $31.00 to $29.00. In the report, Stifel noted, “After two quarters of improving execution coupled with an upbeat user conference in October, TIBCO closed FY13