UPDATE: Bank of America Upgrades Bankrate on 'Room to Climb off the Bottom'
July 30, 2013 at 07:52 AM EDT
In a report published on Tuesday, Bank of America analyst Justin Post upgraded Bankrate (NYSE: RATE ) from Neutral to Buy and raised the price objective on the company from $15 to $22. In the report, Bank of America stated, "2Q results were in-line, but given improving business trends and