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UPDATE: Barrington Research Downgrades Active Network to Market Perform on Guidance Reduction

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UPDATE: Stifel Terminates Coverage on Active Network as Acquisition by Vista Partners is Complete

Barrington Research lowered its rating on Active Network (NYSE: ACTV) from Outperform to Market Perform.

Barrington Research noted, "We are lowering our investment rating to MARKET PERFORM from OUTPERFORM because we think it could take a while for investors to regain confidence after Active reduced 2012 guidance for the second consecutive quarter and set 2013 guidance below Street consensus. While three of its technology-revenue businesses are growing 10-15%, the Outdoor segment is now growing in the single digits and marketing revenue continues to face headwinds. We expect the stock to decline by at least 20% today."

Active Network closed at $9.29 on Thursday.

Latest Ratings for ACTV

DateFirmActionFromTo
Nov 2013Stifel NicolausTerminates
Oct 2013JefferiesDowngradesBuyHold
May 2013RBC CapitalDowngradesOutperformSector Perform

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Posted-In: Barrington ResearchAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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