Stifel Nicolaus Upgrades Millennial Media to Buy (MM)
Millennial Media (NYSE:MM) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on MM. Analysts at Zacks upgraded shares of Millennial Media from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. They now have a $7.50 price target on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of Millennial Media in a research note to investors on Monday, December 2nd. They set an “overweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Millennial Media in a research note to investors on Friday, November 15th. They set a “neutral” rating and a $7.00 price target on the stock. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. Millennial Media has a consensus rating of “Hold” and a consensus target price of $10.28.
Millennial Media (NYSE:MM) traded up 10.88% on Monday, hitting $7.44. The stock had a trading volume of 9,068,320 shares. Millennial Media has a 52 week low of $5.78 and a 52 week high of $14.66. The stock has a 50-day moving average of $7.04 and a 200-day moving average of $7.37. The company’s market cap is $606.3 million.
Millennial Media, Inc (NYSE:MM) is a mobile advertising platform company.
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