Market Overview

UPDATE: Bank of America Merrill Lynch Reiterates Neutral Rating, Raises PT on Bankrate


In a report published Friday, Bank of America Merrill Lynch reiterated its Neutral rating on Bankrate (NYSE: RATE), and raised its price target from $12.00 to $14.00.

BofA Merrill Lynch noted, “Bankrate is an investment on an ongoing financial markets recovery and the migration of advertising and lead generation dollars online. We think Bankrate should trade at a premium to the lead generation sector due to market position (category leader with product diversification) and higher margins (high 20%).”

Bankrate closed on Thursday at $13.43.

Latest Ratings for RATE

Feb 2017Initiates Coverage OnOutperform
Nov 2016UpgradesHoldBuy
Aug 2016Initiates Coverage onHold

View More Analyst Ratings for RATE
View the Latest Analyst Ratings

Posted-In: Bank of America Merrill LynchAnalyst Color Price Target Analyst Ratings


Related Articles (RATE)

View Comments and Join the Discussion!

Latest Ratings

BKNGConsumer Edge ResearchInitiates Coverage On2,250.0
EXPEConsumer Edge ResearchInitiates Coverage On100.0
TRIPConsumer Edge ResearchInitiates Coverage On26.0
IAreteInitiates Coverage On39.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

UPDATE: Bank of America Merrill Lynch Reiterates Buy Rating, Lowers PT on SYNNEX Corporation

UPDATE: Stifel Nicolaus Initiates Wabtec Corporation at Hold on Valuation