Nitro Software had pre-guided 1H results and released most key metrics, according to Morgan Stanley.

Management noted the integration of Connective is proceeding according to plans.

The broker maintains its Equal-weight rating and $1.30 target. Industry View: In-Line.

Sector: Software & Services.

Target price is $1.30.Current Price is $1.13. Difference: $0.17 - (brackets indicate current price is over target). If NTO meets the Morgan Stanley target it will return approximately 13% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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