Monster Worldwide "outperform," target price raised

01/05/06 - Robert W. Baird

NEW YORK, January 5 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on Monster Worldwide Inc (MNST). The target price has been raised from $41 to $43.

In a research note published this morning, the analysts mention that the upward revision in the target price reflects improved growth prospects. CareerBuilder’s CEO, Matt Ferguson, indicated that the pricing environment and online recruiting demand continue to be robust. Concerns surrounding the challenges posed by aggregators to Monster Worldwide and CareerBuilder have reduced, Robert W Baird adds.