LOK looksmart limited

looksmart analysis upgrade

  1. 9:15AM Looksmart upgraded at Kaufman (LOOK) 3.59: Kaufman Brothers upgrades to Buy from Hold based on their belief that LOOK shares are modestly undervalued based on their current outlook for the co, but offer a "call option" on potential contracts with top tier distribution partners including AOL and Ask Jeeves; firm says these contracts could double the co's rev run rate within the next 12 months, suggesting a potentially very high intrinsic value of the call option. Target is $4.50.
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