Piper Jaffray downgrades ValueClick (VCLK) to Market Perform
More News related to AQNT
- ValueClick (VCLK) Higher on Renewed Takeover Chatter
- aQuantive (AQNT) Reports Q2 Adj-EPS of $0.29
- aQuantive (AQNT) Acquisition by Microsoft (MSFT) Receives Antitrust Clearance
- FTC Probes Two More Online Ad Deals - WSJ
- ValueClick (VCLK) Lower Following CEO Switch
More News related to GOOG
- Google (GOOG) Gives a Sneak Peak of Chrome OS
- Another Analyst Boosts Google (GOOG) Price Target to $700, This Time UBS
- Google to Offer Live Webcast of Google Chrome OS Update
- The Google (GOOG) Phone is Coming... Someday
- Integrity Media Report: Another Rise in Revenue
More News related to VCLK
- ValueClick to Present at Upcoming Investor Conferences
- Citi Upgrades ValueClick (VCLK) to Hold
- Notable Analyst Rating Changes 10/28: TXN, MOT, TGT, WYNN, ILMN Upgraded; APOL, SNDK, NVDA, X, VCLK Downgraded
- ThinkEquity Downgrades ValueClick (VCLK) to Hold
- Morning Movers 10/28: CSBC, QTM, ANIK, RSYS, PEET, WSII Higher; CALC, KSP, PSYS, VCLK, VPHM, GT Lower
Piper Jaffray downgrades ValueClick, Inc. (Nasdaq: VCLK) from Outperform to Market Perform but maintains their $34 price target.
Analyst Aaron M. Kessler citied, "1) our belief that shares are now fairly valued with shares trading at 16x '07E EBITDA and 14x '08E EBITDA and within 5% of our $34 price target; 2) overhang related to the FTC investigation; 3) likely increased competition from Google in '08 and beyond as Google makes display advertising a strategic priority 4) year-over-year comps are becoming more challenging; and 5) while we believe it is possible that VCLK could get acquired, we are unlikely to see a bidding war as we saw with DoubleClick and aQuantive."
Related Categories
DowngradesStocks Mentioned
+0.05
-3.03Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
