UBS Upgrades Monster Worldwide to Buy

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UBS upgraded Monster Worldwide Inc. (NYSE:MWW) today to buy from neutral while maintaining its neutral rating on the stock. The bank believes the 44% decline in Monster's share YTD provides an attractive risk/reward valuation, and says their checks suggest that 2011 recruitment budgets have not meaningfully changed as of yet and their second quarter looks to be on track. Monster Worldwide has a potential upside of 81.7% based on a current price of $13.31 and an average consensus analyst price target of $24.18.

By Tim Tracy
ttracy@fnno.com

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