Benchmark raises its price target for Blucora (BCOR +3%) to $23 from $20 and reiterates a Buy...

|By:, SA News Editor

Benchmark raises its price target for Blucora (BCOR +3%) to $23 from $20 and reiterates a Buy rating, believing BCOR's Search and TaxACT business are positioned for continued strong growth with both segments boasting sustainable and growing cash flow. The firm sees operating momentum and a strong balance sheet, and shares remain discounted against Internet peers.