Morgan Stanley Sees Good Things Ahead for OpenTable
February 07, 2014 at 08:04 AM EST
In a report published Friday, Morgan Stanley analyst Scott Devitt reiterated an Underweight rating on OpenTable (NASDAQ: OPEN ). In the report, Morgan Stanley noted, “OpenTable exhibited steady seated diner growth in CQ4:13 and plans to step up 2014E investments in marketing ($18MM split between US / non-US markets), product