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Jefferies Starts Tremor Video (TRMR) at Buy, $12 PT

July 22, 2013 6:58 AM EDT
Get Alerts TRMR Hot Sheet
Price: $5.02 --0%

Rating Summary:
    5 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Jefferies initiates coverage on recent IPO Tremor Video (NYSE: TRMR) with a Buy rating and $12 price target.

"We believe Tremor is one of the better positioned companies in a fast growing segment of digital advertising, and the stock offers significant upside at today's price to our fair value estimate," the Jefferies Internet team stated.

NOTE: Jefferies acted as a joint bookrunner in Tremor's June IPO

For an analyst ratings summary and ratings history on Tremor Video click here. For more ratings news on Tremor Video click here.

Shares of Tremor Video closed at $8.41 yesterday.


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