Credit Suisse Has Overweight Rating On Sina (SINA)

Credit Suisse has an Overweight rating and a $101.80 price target on shares of Sina SINA.

In a note to clients, Credit Suisse writes, "We believe Tencent is the largest Internet community to benefit from the accelerated e-commerce growth trend and we have an OUTPERFORM rating on the stock. Also, online advertising is likely to be a preferred indirect play on the booming e-commerce market in China. We prefer Sina, due to its strong brand advertising revenue and high growth/sticky Sina micro-blog platform."

Shares of SINA lost $4.37 today to close at $91.35, a loss of 4.57%.