UPDATE: Canaccord Genuity Starts Bankrate (RATE) at Buy; Risk/Reward Attractive

June 26, 2012 7:16 AM EDT
Get Alerts RATE Hot Sheet
Price: $11.10 -3.9%

Rating Summary:
    4 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade RATE Now!
Join SI Premium – FREE
(Updated - June 26, 2012 8:48 AM EDT)

Canaccord Genuity initiates coverage on Bankrate (NYSE: RATE) with a Buy. PT $25.00.

Analyst, Michael Graham, said, "We believe Bankrate occupies a defensible position as the most popular destination for consumer financial information on the Web. We believe management is early in building a platform from a disparate group of sites, and we see operating levers management can pull to improve the business model. Q1 was disappointing, and Q2 may be tough as well, but we think the risk/reward for H2/2012 and beyond is attractive."

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

Shares of Bankrate closed at $17.44 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

New Coverage

Related Entities

Canaccord Genuity

Add Your Comment