Perion Networks (PERI +1.5%) gains after Benchmark starts the shares with a Buy rating and a...

|About: Perion Network Ltd. (PERI)|By:, SA News Editor

Perion Networks (PERI +1.5%) gains after Benchmark starts the shares with a Buy rating and a $17.00 price target. Benchmark says accelerating search revenue and increasing product sales leave the company poised to achieve organic growth of 20 - 25%, and core margins will continue to improve due to scale and increasing internal efficiencies. EBITDA margins should approach 24% in 2013.