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UPDATE: Jefferies Initiates RetailMeNot at Buy on Best Market Position

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In a report published Tuesday, Jefferies analyst Brian Pitz initiated coverage on RetailMeNot (NASDAQ: SALE) with a Buy rating and $40.00 price target.

In the report, Jefferies noted, “We are initiating coverage with a Buy rating and $40 PT. We believe that the company is one of the best positioned in the large and under-penetrated digital couponing space and that there is meaningful upside from current stock price levels. Jefferies acted as a lead co-manager in RetailMeNot's July IPO.”

RetailMeNot closed on Monday at $32.28.

Latest Ratings for SALE

DateFirmActionFromTo
May 2015Topeka CapitalInitiates Coverage onBuy
May 2015RBC CapitalMaintainsSector Perform
Feb 2015BWS FinancialInitiates Coverage onBuy

View More Analyst Ratings for SALE
View the Latest Analyst Ratings

Posted-In: Brian Pitz JefferiesAnalyst Color Initiation Analyst Ratings

 

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