Digital River, Inc. (DRIV) Upgraded To Outperform Rating

Analyst Daniel H. Ives at FBR Capital Markets has upgraded Digital River, Inc. (NASDAQ: DRIV) from Market Perform to Outperform rating. The price target for Digital River stock has been raised from $25 to $36.

FBR Capital Markets believes that the company is seeing a much improved pipeline of business activity, coupled with an improving consumer spending environment. It also believes that the company is well-positioned to benefit from strong secular growth trends within e-commerce and is seeing strong deal activity from new and existing customers.