RetailMeNot (SALE) Tops Q4 EPS by 8c
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UPDATE: RBC Capital Downgrades RetailMeNot Inc. (SALE) to Underperform on Fundamental Deterioration
February 9, 2016 2:33 PM UTC(Updated - February 9, 2016 3:48 PM EST)
RBC Capital downgraded RetailMeNot Inc. (NASDAQ: SALE) from Sector Perform to Underperform with a price target of $6.00 (from $12.00). The change follows Q4 results. Analyst Mark S. Mahaney pointed out that fundamentals are deteriorating at an accelerating pace, and he sees less chance of a turnaround.
"We have been... More
