Digital River: FBR Now Bullish; Sees Improving E-Tail Business
Digital River (DRIV) shares are trading higher this morning after FBR Capital analyst Daniel Ives lifted his rating on the e-commerce services company’s stock to Outperform from Market Perform.
The move reflects his belief that “Digital River is seeing a much improved pipeline of business activity,” and that there is “an improving consumer spending environment.” Ives writes in a research note that DRIV is “very well positioned to benefit from strong secular growth trends within e-commerce.”
