RetailMeNot Upgraded To Buy On Rising Mobile Usage
RetailMeNot (SALE) stock was 2.5% higher in afternoon trading in the stock market today after Goldman Sachs upgraded the online coupon website to a buy from neutral and raised its price target to 40 from 32, citing improving mobile usage and direct traffic. RetailMeNot stock earlier rose as much as 7%, to a three-month high. Goldman said it’s also raising its 2014-2015 revenue estimates for the company by an average of 7% for each year. The