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News Breaks | | | | January 16, 2013 | | 11:12 EDT |  | OPEN | OpenTable recent share rally overdone, says Piper Jaffray
Piper Jaffray believes favorable comScore data for OpenTable may be exaggerating an acceleration in web traffic, and thus views the recent rally in the stock as overdone. Piper says it is incrementally cautious on shares of OpenTable and keeps a Neutral rating on the stock, despite raising its price target for shares to $50 from $45. | |
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