Skip to main content

Salomon Smith Barney

analyst Charles Grom started



with a neutral rating and a price target of $6 this morning.

Scroll to Continue

TheStreet Recommends

Shares of CMGI recently gained 19 cents, or 3.6%, to $5.44 in morning trading on the


. The shares have a 52-week low of $3.63 and a high for the year of $151.50.

In his report, Grom called CMGI's current restructuring effort "positive" and said "its model is attractive." However, he attributed his "cautious rating" to the company's "current inability to provide forward-looking cash burn rates, as well as the lack of visible traction into its private, operating companies."


has pushed back its 2001 guidance until March, when the company will release second-quarter earnings.