UPDATE: Jefferies Upgrades ValueClick to Buy, Raises PT Following Analyst Day

In a report published Monday, Jefferies analyst Brian Fitzgerald upgraded the rating on ValueClick

from Hold to Buy, and raised the price target from $23.00 to $35.00. In the report, Fitzgerald noted, “We came away with a renewed appreciation for VCLK's unique tech stack. CEO John Guliani and team clearly articulated a shift towards a more integrated, and customer-centric model leveraging robust data and a breadth of consumer touch-points which should enable VCLK to capture a bigger share of a growing market. We raise our rating to Buy, with a PT of $35.” ValueClick closed on Friday at $27.75.