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UPDATE: Bank Of America Reiterates On Bankrate As Insurance Quality Initiative Is Paying Off

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In a report published Friday, Bank of America analyst Joyce Tran reiterated a Buy rating on Bankrate (NYSE: RATE), and raised the price target from $20.00 to $22.00.

In the report, Bank of America noted, “Bankrate is an investment on an ongoing financial markets improvement and the migration of advertising and lead generation dollars online. We think Bankrate should trade at a premium to the lead generation and SMID cap. advertising sector due to its strong market position (supported by higher margins) and high returns on capital.”

Bankrate closed on Friday at $17.40.

Latest Ratings for RATE

DateFirmActionFromTo
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 Joyce TranAnalyst Color Price Target Analyst Ratings

 

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