UPDATE: FBR Capital Markets Initiates Coverage on Monster Worldwide as Deep Value Compensates for Challenges

In a report published Thursday, FBR Capital Markets analyst William Bird initiated coverage on Monster Worldwide (NYSE: MWW ) with an Outperform rating and $7.00 price target. In the report, FBR Capital Markets noted, “Monster Worldwide, Inc. (MWW) is an investment in a job recovery and more value-enhancing strategic initiatives,