Oppenheimer Downgrades Monster Worldwide (MWW) to Perform
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Price: $3.41 --0%
Rating Summary:
4 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
Rating Summary:
4 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
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Oppenheimer downgraded Monster Worldwide (NYSE: MWW) from Outperform to Perform after disappointing 4Q11 results/1Q12 outlook.
"The deceleration in International is not entirely surprising, although the steepness is. That said, we believe the international deceleration is largely cyclical... While shares appear attractive, we anticipate MWW will remain range-bound absent an acceleration in growth, which seems unlikely over the near/intermediate term. "
For an analyst ratings summary and ratings history on Monster Worldwide click here. For more ratings news on Monster Worldwide click here.
Shares of Monster Worldwide closed at $7.20 yesterday.
"The deceleration in International is not entirely surprising, although the steepness is. That said, we believe the international deceleration is largely cyclical... While shares appear attractive, we anticipate MWW will remain range-bound absent an acceleration in growth, which seems unlikely over the near/intermediate term. "
For an analyst ratings summary and ratings history on Monster Worldwide click here. For more ratings news on Monster Worldwide click here.
Shares of Monster Worldwide closed at $7.20 yesterday.
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