Jefferies is out with its report today on Ancestry.com ACOM, maintaining Buy.
In its report, Jefferies writes, "ACOM has been trading lower since Sept on concerns over subscription growth following a series of price tests conducted throughout 3Q. Given the subscription nature of this business, we expect 3Q results to be in-line with consensus and FY11 guidance reiterated. We're maintaining a Buy rating on ACOM."
Jefferies maintains a $43 PT on ACOM.
At the time of posting, shares of ACOM were trading at $23.96, up 4.17% from Friday's close.
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