Oppenheimer Maintains Rating And Estimates On Monster Worldwide

According to Oppenheimer, Monster Worldwide (NYSE: MWW) rating and estimates are unchanged.

Oppenheimer said that it was impressed with MWW's various product demonstrations today in conjunction with the Society for Human Resources Conference (SRHM), most notably its new professional networking application on Facebook— BeKnown—and its Enterprise Search product, which appears ready for commercial launch in 3Q11. “We believe that MWW's new product capabilities are generally under-appreciated. While it's very early, the product functionality of BeKnown appears on par with industry leaders, in our view. The focus of management appears to drive adoption, and attempt to leverage Facebook's user base; monetization efforts will come later.”

Monster Worldwide closed yesterday at $13.57.