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UPDATE: Morgan Stanley Initiates RetailMeNot at Equal-Weight on Favorable Valuation

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Does RetailMeNot Deal Read Through For Comparable Peers?

In a report published on Tuesday, Morgan Stanley analyst Scott Devitt initiated coverage on RetailMeNot (NASDAQ: SALE) with an Equal-Weight rating.

In the report, Morgan Stanley stated, "RetailMeNot is the leading digital coupon marketplace with attractive growth prospects and a highly profitable model. However, the company is in the early stages of building a brand and current valuation largely reflects a favorable outlook. We initiate Equal-weight with a $28 DCF base case."

RetailMeNot closed on Monday at $32.28.

Latest Ratings for SALE

Apr 2017Credit SuisseUpgradesUnderperformNeutral
Apr 2017JefferiesDowngradesBuyHold
Apr 2017RBC CapitalUpgradesUnderperformSector Perform

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Posted-In: Morgan Stanley Scott DevittAnalyst Color Initiation Analyst Ratings


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