Ryan Beck ups Monster Worldwide (MNST) to outperform from market perform.
Analyst James Janesky says he thinks shares are poised for more than a 25% rise over the next 12 months. He says recent data points, including today's Monster Employment Index, point to steady job growth throughout 2005 and indicate any "soft patch" in economy/employment markets are temporary.
He thinks operating margins will rise dramatically from 13.4% level reported in the March-quarter, will end 2005 at over 19%. He says Monster announced the sale of most of its Directional Marketing businesses, which it thinks were a drag on margins and a managerial distraction.
Janesky sees 86 2005 earnings per share and $1.15 2006 earnings per share. He ups his $30 target to $34.