OPEN Tumbles 11%: Barclays Sees First-Ever Q over Q Rev Drop
Shares of Internet restaurant reservations operator OpenTable (OPEN) are down $4.95, or 11%, at $40.06 after Barclays Capital’s Mark May today cut his rating on the shares to Equal Weight from Overweight, and cut his price target to $43 from $50, after trimming his profit estimate this year, citing “software setter diner (reservations) growth” during [...]