TechTarget price target raised to $40 from $36 at Craig-Hallum

Craig-Hallum raised the firm’s price target on TechTarget (TTGT) to $40 from $36 and keeps a Buy rating on the shares. With a late November date set for the shareholder vote, the firm believes a likely deal close is set for early December. Craig-Hallum thinks this coincides perfectly with management’s viewpoint 11 months ago, that the timing of the merger should dovetail with a strengthening backdrop in tech, and a stronger TechTarget will be more prepared to take advantage of an upswing in the industry.