GSI Commerce: Wedbush Upgrades - Eric Savitz (Barron's)

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GSI Commerce: Wedbush Upgrades
Sep 15, 2009 02:56 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
GSIC	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

GSI Commerce (GSIC) shares are trading higher this morning after Wedbush Morgan analyst Kerry Rice lifted his rating on the e-commerce services provider to Outperform from Neutral, boosting his price target to $23, from $18.

“Acceleration in unique visitors and improving revenue growth at GSI’s top public customers, which are highly correlated to GSI’s revenue growth, could propel revenue ahead of our above-the-Street estimates,” he writes in a research note.

GSIC today is up 72 cents, or 4%, to $18.97.

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