J.P. Morgan: Monster well-positioned for economy’s recovery
12 Oct 2009
Monster Worldwide's stock bumped a dollar per share on Friday on J.P. Morgan's note that the recruitment-ad portal was well-positioned for the economic recovery.
Closing at over $18 per share, J.P. Morgan upgraded MWW's rating from "overweight" to "neutral" and set a 2010 price target of $24 per share. "While we still expect soft results for the next few quarters, we are becoming inc