Marchex (MCHX) Updates Q3, FY14 Call-Driven Revenue Guidance

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Go back to Marchex (MCHX) Updates Q3, FY14 Call-Driven Revenue Guidance

BMO Capital Downgrades Marchex (MCHX) to Market Perform

September 19, 2014 6:24 AM EDT

BMO Capital downgraded Marchex (NASDAQ: MCHX) from Outperform to Market Perform with a price target of $5.00 (from $14.00).

Analyst Daniel Salmon commented, "Yesterday Marchex announced changes to its relationship with AllState, which accounted for ~$50mm in revenue (~25%), which we now do not expect to... More