Craig-Hallum upgrades LivePerson to Buy, sees core business putting in a bottom

As previously reported before the open, Craig-Hallum upgraded LivePerson to Buy from Hold with a price target of $7, up from $5, following what it identifies as a “better than expected” quarterly report. The firm says it remains “encouraged by the technical strength” of the company’s core products and also the new voice products, adding that it sees room for the company to “get back to the midteens revenue growth or greater, on double digit operating margins over time.”