All Those Subscribers Ain’t Enough For Ya?

Apparently not; a Morgan Keegan analyst downgraded shares of this morning, “saying it needs to do more than demonstrate higher-than-expected subscriber figures to justify a higher price,” according to CBS MoneyWatch. No immediate response from Ancestry on this opinion, says CBS.

The change is from “outperform” to “market perform,” which is sort of like going from “Good work!” to “Yeah, well, OK,” so I don’t think this is the equivalent of analytical baying for blood.

Here’s the item, anyway.