OpenTable (OPEN +8.1%) rallies after Credit Suisse starts coverage with an Outperform and $49...

|By:, SA News Editor

OpenTable (OPEN +8.1%) rallies after Credit Suisse starts coverage with an Outperform and $49 PT. The firm notes OpenTable's valuation has declined (though at 28.7x estimated 2012 EPS, it's still steep), and thinks the company still has plenty of room to grow in North America, given its service only accounts for 17% of seated diners. (Morgan Keegan)