Millennial Media (MM +6.5%) rallies after Oppenheimer defends the mobile display ad network...

|About: Millennial Media, Inc. (MM)|By:, SA News Editor

Millennial Media (MM +6.5%) rallies after Oppenheimer defends the mobile display ad network owner ahead of tomorrow's Q2 report. The firm asserts Millennial "offers the best near-term solution for mobile monetization," and notes the mobile ad market is still growing quickly - eMarketer expects the U.S. market to nearly double this year - in spite of widespread concerns about its potential. Millennial has had a rough time since popping on IPO day.