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Bankrate up 8.6% after Stephens upgrade to Overweight

Sep. 03, 2015 4:01 PM ETBankrate Inc. (RATE-OLD) StockRATE-OLDBy: Jason Aycock, SA News Editor
  • Bankrate (NYSE:RATE) is up 8.6% on heavy volume after an upgrade from Stephens to Overweight, from Equal Weight, referring to a "re-emerging story with low expectations."
  • Shares had jumped Aug. 5 to close at $10.16 after the company beat expectations and raised its outlook, but the stock is just now reclaiming that level (currently at $10.44) after a late-August decline.
  • The stock had been upgraded to Hold by Zacks on Tuesday.
  • Overall, the stock is down 15.9% YTD.

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