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UPDATE: Topeka Raises Bankrate PT on Late-Year Margin Trends

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In a Thursday report, Topeka Capital Markets reiterated its Hold rating on Bankrate (NYSE: RATE) and increased its price target from $11 to $13.

Topeka noted, "At an investor conference yesterday, Bankrate's CFO, Ed DiMaria, sounded upbeat about margin trends in the back half of the year. In addition, latest available data for macro credit mailings showed signs of improvement. Our price target increases to $13 from $11 on an increase in our target multiple."

Bankrate closed Wednesday at $11.55

Latest Ratings for RATE

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

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Posted-In: Topeka Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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