Benchmark Slaps a Sell Rating on ValueClick (VCLK)
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
Benchmark Capital initiates coverage on ValueClick (Nasdaq: VCLK) with a Sell rating and $7 price target, citing an inconsistent operating history and they view the recent indications of an overall Internet rebound as a "head fake."
Benchmark expects domestic Internet advertising to be flat in 2009. They said checks indicate a poor start to the year and almost zero visibility.
The firm said the recession hit ValueClick particularly hard in its advertising network and comparison shopping websites. They note ValueClick has minimal exposure to search, the most resilient advertising segment. They see 2009 revenue at the company down 19% and market share losses.
Related Categories
New CoverageStocks Mentioned
-0.33Related Entities
Sign 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!
