Reachlocal, Inc. (RLOC) Tops Q1 EPS by 18c
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Piper Jaffray Downgrades ReachLocal (RLOC) to Neutral
August 7, 2014 6:55 AM EDTPiper Jaffray downgraded ReachLocal (NASDAQ: RLOC) from Overweight to Neutral with a price target of $5.00 (from $12.00) following Q2 results and withdrawn guidance.
Gene Munster commented, "ReachLocal reported Jun-14 1% above the Street and guided Sept-14 revenue 7% below the Street. The company also withdrew... More
