Market Overview

UPDATE: Morgan Stanley Upgrades Millennial Media to Overweight

Share:
Related MM
Lone Star Value Comments On O2 Micro's Valuation Discount
SunTrust: Google Has The Top Ad Exchange In Terms Of 'Inventory Quality'

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

Benzinga PRO content