Stifel Nicolaus Reiterates Buy, $13 Target on Dice Holdings

Stifel Nicolaus maintains its Buy rating and $13 target price on Dice Holdings, Inc.

on positive growth expectations despite lagging hiring in Euro Finance. Stifel says, “We view Dice Holdings as a good secular growth story that is experiencing some cyclical pressures in its finance segment right now. At the DHX investor presentation, recruitment trends seemed to be slightly more positive in tech than conveyed on the 3Q conference call. That said, activity in the finance vertical (particularly in Europe) continues to moderate. Management maintained its 4Q and long-term outlooks. With shares trading at a 12% free cash yield on 2012 estimates, we view the company as attractive.” DHX closed at $7.63 per share on Thursday.