Solera Holdings initiated with "hold"

06/21/07 - Deutsche Securities

NEW YORK, June 21 (newratings.com) - Analysts at Deutsche Bank Securities initiate coverage of Solera Holdings LLC (SLH) with a "hold" rating. The target price is set to $18.

In a research note published yesterday, the analysts mention that Solera Holdings’ share price has appreciated significantly by more than 18% since its IPO on May 16. If Solera Holdings accelerates its revenue growth into the double-digit range going forward by expanding its presence in the emerging markets, such as China and India, then it might result in a re-rating for the company’s stock, Deutsche Bank Securities adds.