JMP Securities Lowers TheStreet.com's (TSCM) Price Target To $12

JMP Securities lowers TheStreet.com's (Nasdaq: TSCM) price target to $12 from $13, maintaining Outperform. JMP Securities lowered its target after its checks revealed advertising weakness due to the economic slowdown. However, JMP said the weakness is not specific to TheStreet.com, but if you looked at the compete.com traffic analyzing service, you'd see TheStreet.com's traffic has been falling since the introduction of the new site. TheStreet.com site design is nice and well-done, but some of the Web 2.0 features are quite advanced for the average user. [TM]

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