Deutsche Bank Upgrades Idearc (IAR) to Hold
IAR Hot Sheet
Rating Summary:0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Deutsche Bank upgrades Idearc Inc (NYSE: IAR) from Sell to Hold. Price target $1.00
Deutsche analyst says, "We are upgrading our rating on shares of Idearc from Sell to Hold after giving more credit to likely cost cuts and the strong growth in search activity across the Superpages network. While we are still negative on incumbent YP publisher structural trends and see no near-term easing of cyclical headwinds on SME spending, we think these two factors have slightly delayed the timeline to breaching leverage covenants and preserve the option value in the shares."
Idearc Inc. is yellow pages directories publisher in the United States.
Deutsche analyst says, "We are upgrading our rating on shares of Idearc from Sell to Hold after giving more credit to likely cost cuts and the strong growth in search activity across the Superpages network. While we are still negative on incumbent YP publisher structural trends and see no near-term easing of cyclical headwinds on SME spending, we think these two factors have slightly delayed the timeline to breaching leverage covenants and preserve the option value in the shares."
Idearc Inc. is yellow pages directories publisher in the United States.
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