Asure Software initiated with a Buy at Stifel

Stifel initiated coverage of Asure Software with a Buy rating and $15 price target. The stock’s valuation discount to peers is likely to compress in future periods as management continues to execute on its organic and inorganic growth strategy and investors become more familiar with the name, the analyst tells investors in a research note. The firm calls Asur an emerging player in the human capital management space.