Monster Worldwide shares are up sharply this morning after William Blair analyst Thomas McHugh upped his rating on the stock to Outperform from Market Perform.
McHugh concedes that “demand for online recruiting companies remains weak,” but says that in the U.S., “the pace of weakness…does not appear to be accelerating as quickly as it was late last year.”
Quite an eventful afternoon for Monster Worldwide (MNST).
For starters, the company announced that it has reached a tentative settlement of a securities class action connected with the company’s previous stock option-granting practices.
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