Active Network price target lowered to $14 from $20 at RBC Capital

theflyonthewall.com

RBC Capital reduced its target on Active Network after the company reduced its 2012 guidance and provided 2013 guidance that was well below consensus estimates. The firm thinks the stock may be somewhat range-bound for some time, although it believes the shares may be somewhat oversold. The firm maintains an Outperform rating.

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