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Piper Jaffray Maintains Bullish Stance On GSI Commerce (GSIC)

June 30, 2009 7:52 AM EDT
GSIC Hot Sheet
Rating Summary:
    2 Buy, 12 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Piper Jaffray is reiterating their Buy rating and $16 price target on GSI Commerce, Inc. (Nasdaq: GSIC), saying they expect interactive marketing services to be a meaningful growth driver.

Piper analyst Gene Munster said, "We remain positive on shares of GSIC, as we believe the company will continue to grow through new client wins and solid growth in the Interactive Marketing Services segment."

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