UPDATE: Jefferies Lowers Price Target on Ancestry.com to $34

According to Jefferies, Ancestry.com ACOM price target is lowered to $34. Jefferies said that ACOM pre-announced 4Q11 results in January, which came in-line with guidance/Street cons. “We're adjusting our ests and PT while maintaining a Buy rating on a compelling valuation.” Ancestry.com closed yesterday at $28.52.
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