Seeking Alpha

Millennial Media (MM +6.9%) jumps after Canaccord starts coverage with a Buy and $18 PT. The...

Millennial Media (MM +6.9%) jumps after Canaccord starts coverage with a Buy and $18 PT. The firm talks up the mobile ad market's growth potential and Millennial's position within the space (#2 in display ads behind Google), and sees international expansion driving upside to estimates. Millennial remains down over 40% from its IPO-day levels.
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