Vicinity Corp. (Nasdaq: VCNT) rose 12.375 to 23 3/8 Monday after U.S. Bancorp Piper Jaffray analyst Safa Ratschy began coverage of the stock with a “strong buy” rating.
“The company should be considered a top Internet holding in the fast-growing e-marketing and ‘click-and-mortar’ space, wrote Ratschy in a report. As the company announces more clients and boosts its market share, the stock should continue to rise, he said.
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