We Would Be Inclined To Become More Positive On RH Donnelley Stock On Significant Dips From Current Levels - JP Morgan Comments
(RealTimeTraders.com) - Monday, JP Morgan initiated coverage of RH Donnelley Corp. (RHD) with a Neutral rating, as the brokerage is positive on the company's deleveraging efforts and fast growing key regions.
However, the brokerage believes near term upside may be more limited given this year's significant share price appreciation. Analyst Fred Searby believes RHD is an attractive deleveraging story.
Further, the analyst believes RHD offers investors the opportunity to invest alongside some of the most seasoned managers in the yellow pages business.
Concluding, the brokerage said, “Should the shares dip significantly below current levels, we would be inclined to become more positive on the stock.”
Currently, the stock is dipping by $0.09 and trading at $39.34.
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