Morgan Keegan Downgrades OpenTable (OPEN) To Market Perform

Analysts at Morgan Keegan downgraded shares of OpenTable (

) to "Market Perform" ahead of its earnings report on August 3. In their report, analysts stated, "While we remain positive on the opportunity in online restaurant reservations and OpenTable's competitive position, we are downgrading to Market Perform due to valuation." Morgan Keegan still expects a solid second quarter, but believes that growth in the company is already priced into its share price. OpenTable provides restaurant reservation solutions in the United States, Canada, Mexico, Europe, and Asia. You Can't Afford Miss Out On These Money Making Trading