Goldman Sachs Resumes Demand Media (DMD) at Neutral

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Goldman Sachs resumes coverage on Demand Media (NYSE: DMD) with a Neutral. PT $8.00.

The firm notes the company is in the process of refocusing its core content creation business, amid the search algorithm changes at Google. This process will likely lead to near-term revenue growth and margins below the current consensus.

For an analyst ratings summary and ratings history on Demand Media click here. For more ratings news on Demand Media click here.

Shares of Demand Media closed at $7.73 yesterday, with a 52 week range of $5.24-$27.38.

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