Send to a Friend Share

Kaufman Bros. Downgrades The Knot, Inc. (KNOT); Slightly Decreases Estimates

November 6, 2009 7:42 AM EST
KNOT Hot Sheet
Rating Summary:
    2 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 1 | New: 1
Kaufman Bros. downgrades The Knot, Inc. (NASDAQ: KNOT), price target $11.

Kaufman analyst says, "We are slightly decreasing our estimates given the cautious commentary by management during the call, the challenges within the national advertising segment, and the potential revenue risk associated with the renegotiation with Macy's. For 2009, we move from $107 million in revenues to $106 million while maintaining our $16 million EBITDA estimate. For 2010, we move from $113 million in revenue and $19 million in EBITDA to $112 million and $18 million, respectively."

To see more analyst ratings on KNOT Click Here.


You May Also Be Interested In


Related Categories

Downgrades

Related Entities

Kaufman Bros.

Add Your Comment





Follow StreetInsider.com On Twitter