Piper's Munster Says Buy Ancestry.com (ACOM) Shares on Today's Weakness

In addition to a Goldman note from earlier which suggested to "buy the dip" in Ancestry.com (Nasdaq: ACOM) shares, Piper Jaffray's Gene Munster is also out suggesting investors take advantage of Monday morning's weakness.

Ancestry.com shares are down more than 16 percent at last check following word over the weekend NBC has decided not to renew the "Who Do You Think You Are?" television series for a fourth season.

Munster believes Ancestry.com could spend the funds used for the "Who Do You Think You Are?" show more effectively on other forms of media.

The Piper Jaffray analyst maintains an Overweight rating and $45 price target on shares of Ancestry.com.

Visit our Analyst Ratings page to track all the market-moving analyst calls on shares of Ancestry.com

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