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UPDATE: Stifel Nicolaus Drops PT to $11.50 on XO Group on Modest Growth Outlook

Can The Uptrend Continue For XO Group?
XO Group (XOXO) Enters Overbought Territory - Tale of the Tape

Stifel Nicolaus reiterated its Buy rating on XO Group (NYSE: XOXO) as it lowered its price target from $14 to $11.50.

Stifel Nicolaus said, “Our constructive view on XO Group is based on the company's solid online wedding franchise; a local and national advertising business model that is driving growth; a wedding magazine and publishing business that is benefiting from consumer interest and reduced competition we believe; a Chinese wedding business that is having strong early success in awareness in China; and a valuation that is compelling, particularly with 38% of the company's market value in cash. Investors should be forewarned, however, that as long as the company's business segments show diverging performance, overall revenue growth will likely be modest albeit with generally rising margins."

XO Group closed at $7.41 on Thursday.

Latest Ratings for XOXO

Nov 2014B. RileyUpgradesNeutralBuy
Mar 2014B. Riley & Co.DowngradesBuyNeutral
May 2013Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for XOXO
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings


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