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UPDATE: JP Morgan Boosts Rating

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JP Morgan analyst Doug Anmuth released a ratings update Thursday regarding (NYSE: CRCM), boosting ratings from Neutral to Overweight while lowering price target from $25 to $24.

The report notes, "We believe is bringing efficiency and scalability to a sizable and largely offline market with material runway to further penetrate within the US and internationally. As the leading global care platform, is also well positioned to capitalize on parallel opportunities in payments and marketing services. We believe benefits from multiple growth drivers and should be increasingly scalable over time."

Anmuth defends the ratings boost by highlighting potential catalysts of increased job postings, reuse rate, international exposure and awareness, and an expansion in products and features such as their Employer solutions.

CRCM closed Wednesday at $18.94 and opened Thursday at $19.61.

Latest Ratings for CRCM

Sep 2016Roth CapitalInitiates Coverage onNeutral
Aug 2016Loop CapitalInitiates Coverage onBuy
Jul 2016Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for CRCM
View the Latest Analyst Ratings

Posted-In: JP MorganNews Upgrades Price Target Markets Analyst Ratings


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