UPDATE: Stifel Reiterates Buy Rating, Raises PT on Everyday Health as 2Q14 Ad Tracker Exhibits Strength

In a report published Monday, Stifel analyst Steve Rubis reiterated a Buy rating on

, and raised the price target from $18.00 to $22.00. In the report, Stifel noted, “We believe Everyday Health continues to benefit from strong biopharmaceutical advertising trends. Throughout 2Q14, the interactive brand sponsorships under the Everyday Solutions section exhibited robust growth. Not only have we seen sponsorship growth but also new sponsors join the platform, as well as strong brand diversity across the interactive sponsorship links we track. In our view, these trends suggest that Everyday Health remains poised to outperform over the coming quarters. We believe their robust ROI analytics capabilities will continue to help them benefit from a strong biopharmaceutical advertising environment.” Everyday Health closed on Friday at $18.71.