According to J.P. Morgan, QuinStreet QNST price target is lowered to $13.
J.P. Morgan said that QuinStreet reported soft 1QFY12 results as both Education and Financial Services revenue fell short of expectations. “As a result, we have reduced our FY12 and outer year estimates, and we are lowering our price target to $13.”
QuinStreet closed yesterday at $11.10.
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