Deutsche Bank Comments on Sina
Symbols: SINA
Deutsche Bank issued a note today providing color on Sina (NASDAQ: SINA) after meeting with Sam Flemming, founder and chairman of CIC, a leading Chinese social media consulting firm.
In the note, Deutsche Bank writes, "Sina remains the leader in China's social media space. With a highly active micro-blog user base, CIC regards Sina as the leader in this space, with the greatest commercial value due to a highly desirable user base from an ads perspective."
Deutsche Bank has a Buy rating and $94.80 price target on Sina. Shares of Sina are trading at $59.60, down 0.86% from yesterday's close.
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