Demand Media (DMD +9.7%) shares pop ~10% after Goldman Sachs raises its rating to Buy from...

|By:, SA News Editor

Demand Media (DMD +9.7%) shares pop ~10% after Goldman Sachs raises its rating to Buy from Neutral, noting the company has suffered a huge negative overreaction to the impact of Google’s (GOOG) Panda 2 algorithm changes. Management has identified and is fixing Panda-related issues, and "Panda 3" doesn’t appear to pose a threat, Goldman says.