Piper Jaffray Maintains Neutral Rating and $11 PT on the Dolan Company

A report from Piper Jaffray reiterates its Neutral rating and $11 price target on the Dolan Company

. The report states, “While the recent slowdown in foreclosures has negatively impacted DM, we ultimately believe a resumption in foreclosure activity will benefit DM in the future. We rate the shares Neutral until we get more clarity on foreclosure activity or other growth opportunities”. DM closed yesterday at $8.38.