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FBR Launches Internet Coverage; Bullish on Google, eBay
Posted on October 14, 2008
Heath Terry, the new Internet analyst at Friedman Billings Ramsey, has launched coverage of the sector Tuesday morning, setting Outperform ratings on Google (GOOG), eBay (EBAY) and ComScore (SCOR), while starting Bankrate (RATE) with a Market Perform rating, and setting Yahoo s (YHOO) rating at Underperform. We believe that the sector offers strong fundamental growth, reasonable valuation, and considerable potential outperformance, Terry writes. As consumers continue to shift more of their time and spending online, advertisers are following. Although this trend has been going on for...
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