UPDATE: Jefferies Initiates Tremor Video at Buy on Good Market Position
In a report published Monday, Jefferies analyst Brian Pitz initiated coverage on Tremor Video (NYSE: TRMR) with a Buy rating and $12.00 price target.
In the report, Jefferies noted, “We are initiating coverage with a Buy rating and $12 PT. We believe Tremor is one of the better positioned companies in a fast growing segment of digital advertising, and the stock offers significant upside at today's price to our fair value estimate. Jefferies acted as a joint bookrunner in Tremor's June IPO.”
Tremor Video closed on Friday at $8.38.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.