UPDATE: Dougherty & Co Upgrades ValueVision Media (VVTV) to Buy; We Believe Fundamentals are Stabilizing

June 20, 2012 9:54 AM EDT Send to a Friend
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Price: $6.08 --0%

Rating Summary:
    9 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 41
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(Updated - June 20, 2012 10:59 AM EDT)

Dougherty & Co upgraded ValueVision Media (NASDAQ: VVTV) from Neutral to Buy. PT $2.25

Analyst, Gregory J. McKinley, said, "We think more time under its belt without the benefit from strong consumer electronics sales will help VVTV prepare merchandising plans to sustain the per minute sales productivity improvement it demonstrated in April."

"While product mix is favorable for margins due to declining consumer electronic mix, we think investors should expect a lower net margin benefit as we believe VVTV is protecting its balance sheet with a more conservative approach to deferred payment programs."

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

Shares of ValueVision Media closed at $1.71 yesterday.


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