Goldman Sachs lowers its rating on Bankrate RATE from Buy to Neutral and cuts its price target from $27 to $25.
Goldman Sachs comments, "Though there are essentially no changes to our outlook for the company or our estimates, relative price moves have created more attractive risk/reward propositions in the space. We continue to believe that Bankrate's organic traffic mix, leverage to a highly ROI-driven segment of online advertising, and growth potential make it one of the stronger fundamental small-cap internet stories."
RATE closed at $19.34 on Thursday.
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