Alpha Diallo
0
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

OpenTable Upgraded to Neutral

 (Image source: gourmetmarketing.net)

OpenTable Inc (NASDAQ:OPEN), the restaurant reservation site was upgraded from sell to neutral by Citigroup Inc (NYSE:C). The price target was raised to $74 a share from $68. With the U.S. economy improving, people will have more money to dine out. In addition, according to Citi, the marketing expense from OpenTable will not have a huge effect on downside effect on earnings. Shares of OpenTable are 3 percent on the upgrade.