J.P. Morgan Reiterates Monster Worldwide Overweight Rating (MWW)
By Benzinga Staff
January 28, 2011 8:40 AM
Symbols: MWW
Tags: J.P. Morgan
Posted in: Analyst Color, Analyst Ratings
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J.P. Morgan reiterated its Monster Worldwide (NYSE: MWW) Overweight rating in a research report published today. J.P. Morgan has previously given Monster Worldwide a price target of $29.
In the report, J.P. Morgan states, "We reiterate our Overweight rating and see any pullback on these results as a good entry point for a high-growth earnings story. We do note that risk is relatively high given back-end loaded guidance, risks associated with government employment, and general choppiness in job recovery."
Shares of Monster Worldwide were at $19.55 at the time of posting in pre-market trading, down 8.6% from Thursday's market close.
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