Monster Worldwide initiated with "outperform" - update

05/03/07 - Credit Suisse

NEW YORK, May 3 (newratings.com) - Analysts at Credit Suisse initiate coverage of Monster Worldwide Inc (MNST) with an "outperform" rating. The target price is set to $60.

In a research note published this morning, the analysts mention that the company is well positioned to benefit from the increasing transition of the recruitment industry going online, more favourable labour market trends and greater international expansion. Monster Worldwide has indicated that there continues to be significant opportunities for growth in the US market, the analysts add. The company’s operating margins are expected to rise from 21.3% in 2007 to 23.2% in 2008, Credit Suisse says.