Internet Analyst Shuffle: Stifel’s Devitt To Morgan Stanley

There have been a sudden flurry of job changes in the Internet equity analyst world, which almost certainly mean further coverage changes ahead:

• Morgan Stanley’s Mary Meeker told clients in a note today that Morgan has hired former Stifel Nicolaus analyst Scott Devitt to co-cover Internet stocks.


• Late last week, Ben Schachter announced that he leaving UBS, where he has been covering Internet and video gaming stocks, to join Broadpoint.Amtech, where he will cover the same turf. He starts the new post in mid-April.


• Also last week, Cantor Fitzgerald analyst Derek Brown announced that he is leaving his post - and the sell side - to become VP of Investor Relations and Corporate Planning at LoopNet (LOOP), the online commercial real-estate site.