Morgan Joseph Starts Local.com Corp. (LOCM) at Buy
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Morgan Joseph initiates coverage on Local.com Corp. (Nasdq: LOCM) with a Buy rating and $7.50 price target.
The firm said, "In our view, there are a wide range of long-term catalysts for the company to capitalize on, including the ongoing rapid growth in the online advertising market, the growing importance of local paid search, its move to develop a direct sales force, its intellectual property portfolio, and the potential for upside from the mobile market." [LJ]
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