ValueClick Surges on Upgrade

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Shares in online ad broker ValueClick Inc. jumped nearly 10 percent Monday after an analyst from RBC Capital Markets upgraded shares in the company.


Analyst Jordan Rohan upgraded the shares to “Outperform” from “Sector Perform” due to an expected end to a lengthy probe by the Federal Trade Commission into the company’s marketing practices.


ValueClick’s chief executive said last week that he expects the probe to end shortly and that the Westlake Village-based company should not be found liable for any wrongdoing.


Rohan also added that the company is “stable” from a financial standpoint and is a bargain, as its shares have declined more than 40 percent since last summer.


Shares in ValueClick rose 9.3 to $21.65 in early trading Monday on the Nasdaq.

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