Banc of America Securities analyst John Janedis has downgraded Monster stock from ‘buy’ to ‘neutral’ according to a story on Forbes.com entitled, “Monster Holding Steady Despite Decreasing Help-Wanted Ads.”
Apparently growth in both print and online advertising is slowing down. Janedis also believes the threat from Google is minimal.
The story says, “Despite the downgrade, the analyst said he believes the shift of help-wanted classifieds from print to online will continue for the foreseeable future. In addition, he said the threat from other players online, such as Google Base, seems ‘overblown.’”
Time will tell.
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