Ascential Software "market outperform," target price raised -update

06/18/03 - JMP Securities

NEW YORK, June 18 (New Ratings) — Analyst Patrick Walravens of JMP Securities maintains his "market outperform" rating on Ascential Software Corporation (ASCL). The target price has been raised from $18 to $20.

In a research note published this afternoon, the analyst mentions that Ascential Software has announced a reverse stock split, while expecting to significantly enhance its investor base. JMP Securities expects the company to report substantial market share gains from the market leader, Informatica, in its extract, transform and load (ETL) business segments, in the near term.