Constant Contact risk/reward ratio attractive, says Oppenheimer
Oppenheimer reports that Constant Contact's shares have been weak on concerns about Q3 net sub adds, but the firm's checks indicate that net customer adds should be at least flat with 3Q08. The firm maintains an Outperform rating on the stock. :theflyonthewall.com
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Constant Contact target raised to $33 from $28 at Oppenheimer
After Constant Contact report Q4 results that Oppenheimer views as strong, the firm thinks the company is seeing healthy demand and believes that its FY12 guidance is conservative. The firm expects the company's growth to accelerate in FY13, and it maintains an Outperform rating. :theflyonthewall.com
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