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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
Jul 2015Morgan StanleyInitiates Coverage onEqual-weight
May 2015Topeka CapitalInitiates Coverage onBuy
May 2015RBC CapitalMaintainsSector Perform

View More Analyst Ratings for SALE
View the Latest Analyst Ratings

Posted-In: Brian Pitz JefferiesAnalyst Color Initiation Analyst Ratings

 

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