Citi Downgrades Bankrate (RATE) to Hold
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Citi downgrades Bankrate Inc (Nasdaq: RATE) from Buy to Hold.
Citi analyst says, "RATE has moved within 1% of our $57 PT. Thus, we see the stock's risk-reward profile as less compelling. We continue to view RATE as a Core Internet stock, but would prefer an entry/adding price below $47, which would provide 20%+ upside to our PT."
Bankrate, Inc. (Bankrate) owns and operates an Internet-based consumer banking marketplace.
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