NEW YORK, July 1 (newratings.com) - Analysts at Stifel Nicolaus & Company initiate coverage of OpenTable Inc (ticker: OPEN) with a "hold" rating.
In a research note published this morning, the analysts mention that although the company's
growth prospects remain bright, its current valuation is fair. OpenTable's international operations continue to be unprofitable and are unlikely to breakeven until 2014, the analysts add. The company's online network continues to grow and expand, providing it an edge in the North American segment, Stifel Nicolaus says.
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