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Stock Market & Financial Investment News

News Breaks
February 20, 2014
08:44 EDTMCHXMarchex price target raised to $13 from $11 at RBC Capital
RBC Capital increased its price target on Marchex after the company reported higher than expected Q4 revenue and inline EPS, along with higher than expected FY13 call based revenue guidance. The firm thinks the results were strong, and it thinks that broader adoption of call based ads could enable the company to beat expectations. It keeps an Outperform rating on the stock.
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