Monster Shares Have Monster Move as Blair Upgrades

Monster Worldwide (MWW) 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 and appears generally in line with our existing expectations.” He adds that while Monster’s Q1 results will “certainly be weak,” they shouldn’t be drastically worse than he has modeled. And he says the Street consensus that the company’s earnings this year will be basically nil appears “achievable.”

Read the rest of this post