Criteo +4.4% on BNP Paribas launch

BNP Paribas has started coverage on Criteo (CRTO) with an Outperform and $52 PT.

Shares of the French ad retargeting platform provider are still down 41% from a March high of $60.95. They respectively go for 7.6x and 5.8x 2014E and 2015E sales.

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