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Deutsche Bank Upgraded SINA to Hold
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Deutsche Bank Upgraded SINA to Hold
Deutsche Bank upgraded SINA (NASDAQ:SINA) to Hold from Sell and raised its price target for shares to $98 from $54 after increasing its valuation for the company’s micro-blogging site Weibo. The firm expects SINA to monetize Weibo's growing user base over the next several years.Sina has a potential upside of 3.8% based on a current price of $115.03 and an average consensus analyst price target of $119.42.
Video Length: 0
Date Found: July 05, 2011
Date Produced: July 05, 2011
View Count: 0
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