Cantor Fitzgerald Downgrades Ancestry.com (ACOM) to Hold

Article Stock Quotes (1) Comments (0)

Cantor Fitzgerald downgraded Ancestry.com (NASDAQ: ACOM) from Buy to Hold with a price target of $37 following the Permira-led acquisition of the company announced on 10/22 at $32 per share.

"The proposed valuation seems somewhat low to us, given historical multiples paid for similar transactions, and no competing offers have emerged. We recommend that investors focus on more compelling opportunities in the Internet space."

For an analyst ratings summary and ratings history on Ancestry.com click here. For more ratings news on Ancestry.com click here.

Shares of Ancestry.com closed at $31.58 yesterday, with a 52 week range of $20.75-$33.80.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Wells Fargo Cuts Comerica (CMA) and First Horizon National (FHN) to Underperform
• Scotia Capital Downgrades Celestica (CLS) to Underperform
• Susquehanna Downgrades Red Hat (RHT) to Neutral

Create E-mail Alert Related Categories

Downgrades

Related Entities

Cantor Fitzgerald, Permira

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?