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  • nusaiba nusaiba Mar 19, 2012 12:54 PM Flag

    Goldman Sachs initiates coverage on with a Buy rating and $33 price target.

    Goldman Sachs initiates coverage on (NASDAQ: ACOM) with a Buy rating and $33 price target.

    "We believe Ancestry is attractively valued relative to the growth opportunity in its core family history product," the firm said.

    The firm cites a solid content model. In addition, Goldman expects strong subscriber seasonality in the 1st-half of 2012 due in part to research-conducive weather, but also due to the annual airing of NBC's Who Do You Think You Are?.


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