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UPDATE: Cantor Fitzgerald Upgrades comScore to Buy Following Strong 1Q13 Results

Related SCOR
Wedbush Securities Feels More Upbeat On COMSCORE Following Management Meetings
Brean Capital Sees Long-Term Upside Potential For COMSCORE

In a report published Friday, Cantor Fitzgerald analyst Youssef Squali upgraded the rating on comScore (NASDAQ: SCOR) from Hold to Buy, and raised the price target from $16.00 to $20.00.

In the report, Squali noted, “comScore reported strong 1Q:13 results and 2Q:13/FY:13 guidance that exceeded Street expectations. We're upgrading the stock to BUY and raising our PT to $20 from $16, as the company seems to be gaining traction with new offerings, including validated Campaign Essentials (vCE), Digital Analytix, and Media Metrix Multi-Platform. SCOR reported GAAP revenue of $68.8M (+10.6% Y/Y growth or +12% pro-forma, i.e. ex. non-health copy testing biz), and adjusted EBITDA of $12.6M, ahead of StreetAccount estimates of $66.0M and $7.9M, respectively. 1Q:13 results also exceeded the high end of management guidance.”

comScore closed on Thursday at $15.94.

Latest Ratings for SCOR

Apr 2015Telsey AdvisoryInitiates Coverage onMarket Perform
Mar 2015Sidoti & Co.Initiates Coverage onBuy
Dec 2014SunTrust Robinson HumphreyInitiates Coverage onBuy

View More Analyst Ratings for SCOR
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Upgrades Analyst Ratings


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