Barrington upgrades QuinStreet to Outperform on recent pullback

Barrington analyst James Goss upgraded QuinStreet to Outperform from Market Perform with a $14 price target. The analyst believes the stock’s recent underperformance can turn around. QuinStreet’s efforts to streamline operations have created a mix of businesses “that can generate significant growth, with some stability provided by a still-diversified variety of consumer solutions,” the analyst tells investors in a research note. The firm says that while uncertainties tied to the timing of a return to sustained growth in the auto insurance category currently pose a challenge to the stock, “some signs are beginning to materialize and the stock remains heavily discounted.”