Jefferies Upgrades ValueClick, Inc (VCLK) to Buy

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Jefferies upgraded ValueClick, Inc (NASDAQ: VCLK) from Hold to Buy with a price target of $35.00 (from $23.00).

Following the company's analyst day, "we came away with a renewed appreciation for VCLK's unique tech stack. CEO John Guliani and team clearly articulated a shift towards a more integrated, and customer-centric model leveraging robust data and a breadth of consumer touch-points which should enable VCLK to capture a bigger share of a growing market."

The firm raised FY13 EPS from $1.92 to $2.14.

For an analyst ratings summary and ratings history on ValueClick, Inc click here. For more ratings news on ValueClick, Inc click here.

Shares of ValueClick, Inc closed at $27.75 yesterday, with a 52 week range of $13.80-$29.25.

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