BWS Financial Downgrades Web.com Group (WWWW) to Hold

BWS Financial downgraded Web.com Group (NASDAQ: WWWW) from Buy to Hold with a price target of $24.00 following second quarter results that included another set of setbacks in operational performance.

Analyst Hamed Khorsand comments, "Although the current business should provide ample support for the stock at current levels, we believe the broader market environment will treat the stock harshly. Therefore, there is little reason to hold the stock waiting for the third quarter results when it is very likely the market could provide the opportunity to buyback the shares at similar levels."

For an analyst ratings summary and ratings history on Web.com Group click here. For more ratings news on Web.com Group click here.

Shares of Web.com Group closed at $26.55 yesterday.

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