UPDATE: Wunderlich Securities Initiates OpenTable at Buy on Reservation Growth
February 27, 2013 at 10:44 AM EST
Wunderlich Securities initiated OpenTable (NASDAQ: OPEN ) with a Buy rating and a $68.00 price target. Wunderlich Securities commented, "We believe the company has a strong competitive advantage in the U.S. market due to network effects. It also has plenty of opportunity for growth with 49% of all restaurants and