UPDATE: BMO Capital Markets Reiterates Outperform Rating, Lowers PT on Monster Worldwide

In a report published Friday, BMO Capital Markets reiterated its Outperform rating on Monster Worldwide

, but slightly lowered its price target from $8.00 to $7.00. BMO Capital Markets noted, “While trends in most areas got ‘less worse,' they are still declining, reflecting the company's exposure to Europe and what we believe are continued share losses to social media (e.g., LNKD) and other technologies. However, its aggressive cost-cutting efforts could limit any further earnings downside. Should the full-time hiring markets see some acceleration, we believe MWW could benefit even if it continues to lose share to other options. The apparent removal of any near-term ‘strategic alternatives' has likely removed those playing this stock solely for this takeout, perhaps limiting further volatility in the name.” Monster Worldwide closed on Thursday at $5.44.