Market Overview

UPDATE: Morgan Stanley Upgrades Millennial Media to Overweight

Related MM
Sokal Media Group Partners With Millennial Media To Drive Mobile Advertising For Local Auto Dealerships
US Stock Futures Fall Ahead Of Economic Data

According to Morgan Stanley, Millennial Media (NYSE: MM) is upgraded to Overweight.

Morgan Stanley said that Millennial Media (MM) shares have declined around 25% this week. “On Monday, the company reported better-than-expected 1Q results: 1Q revenue was 10% above our/consensus forecasts, gross margin improved 50 bp Q/Q, and EBITDA of -$1.5MM (ex-non-cash charges) was better than our -$4MM forecast.”

Millennial Media closed yesterday at $11.44.

Latest Ratings for MM

DateFirmActionFromTo
Nov 2014Canaccord GenuityMaintainsHold
Aug 2014Canaccord GenuityMaintainsHold
Aug 2014First AnalysisDowngradesOverweightEqualweight

View More Analyst Ratings for MM
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (MM)

Around the Web, We're Loving...

Get Benzinga's Newsletters