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

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Axiom's Victor Anthony Initiates XO Group With A Buy, $21 Target

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

DateFirmActionFromTo
Jan 2016AxiomInitiates Coverage onBuy
Nov 2015Stifel NicolausMaintainsBuy
Mar 2015Stifel NicolausUpgradesHoldBuy

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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