Reachlocal, Inc. (RLOC) Tops Q1 EPS by 18c

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Go back to Reachlocal, Inc. (RLOC) Tops Q1 EPS by 18c

Piper Jaffray Downgrades ReachLocal (RLOC) to Neutral

August 7, 2014 6:55 AM EDT

Piper Jaffray downgraded ReachLocal (NASDAQ: RLOC) from Overweight to Neutral with a price target of $5.00 (from $12.00) following Q2 results and withdrawn guidance.

Gene Munster commented, "ReachLocal reported Jun-14 1% above the Street and guided Sept-14 revenue 7% below the Street. The company also withdrew... More