UPDATE: Morgan Stanley Starts LegalZoom.com Inc (LZ) at Equalweight

Morgan Stanley analyst Elizabeth Elliott initiates coverage on LegalZoom.com Inc (NASDAQ: LZ) with a Equalweight rating and a price target of $44.00.

The analyst comments "Legal services is an under-digitalized market in the early days of becoming an online opportunity and LegalZoom is pioneering the digital disruption. However, given uncertainty around the pace of digital penetration and shares trading at a premium valuation, we initiate EW at $44 PT."

For an analyst ratings summary and ratings history on LegalZoom.com Inc click here. For more ratings news on LegalZoom.com Inc click here.

Shares of LegalZoom.com Inc closed at $37.90 yesterday.

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