SAN FRANCISCO (MarketWatch) -- Several Internet stocks received attention in early trading Thursday as Morgan Stanley released a report updating its views on the sector. Among leading Internet stocks, online real-estate information company Zillow Inc. (ZILLOW.XX) was down by 2.5%, at $98.10, and restaurant-reservation site OpenTable Inc. (OPEN) fell by 2% to $74.91 after Morgan analyst Scott Devitt cut his ratings on both companies to underweight, or sell, from equal weight. Conversely, Groupon Inc. (GRPN) rose almost 7%, to $11, after Devitt raised his rating on the stock to overweight from equal weight, and Yelp Inc. (YELP) shares were up by 4.5%, at $58.26, as Devitt raised his price target on the company to $49 a share from $26.
-Rex Crum; 415-439-6400; AskNewswires@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
09-05-13 1028ETCopyright (c) 2013 Dow Jones & Company, Inc.
|Zillow, OpenTable ratings cut by Morgan Stanley ()|
|UPDATE: Groupon, OpenTable in Morgan Stanley's sights (2013/9/5)|
|Groupon, OpenTable in Morgan Stanley's sights ()|
|OpenTable to Participate in the Morgan Stanley Technology, Media and Telecom Conference (2014/2/27)|
|UPDATE: Netflix down as Morgan Stanley, BTIG cut ratings (2013/9/12)|
|Netflix down as Morgan Stanley, BTIG cut ratings ()|
|Morgan Stanley Swings to 3rd-Quarter Profit on Strong Wealth Management Results -- Update (2013/10/18)|
|UPDATE: Oracle cut to equal weight by Morgan Stanley (2013/12/12)|
|Morgan Stanley Wealth Management Cuts Number of Divisions, Regions (2014/4/8)|
|Cost to Insure Morgan Stanley Debt Dips Below Goldman's -- Update (2013/10/18)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.