Monster Worldwide "outperform," target price raised

11/14/05 - Robert W. Baird

NEW YORK, November 14 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on Monster Worldwide Inc (MNST). The target price has been raised from $35 to $38.

In a research note published on November 11, the analysts mention that the company has outlined a robust strategy for generating mid- to double-digit operating margins in Europe during 2006. Monster Worldwide has projected +20% revenue growth per annum for its Monster segment in the forthcoming three-to-five years. The company has announced a $100 million share buyback programme for the first time, which is expected to be accretive to its 2006 EPS by approximately $0.01, Robert W Baird adds.