Loading...
Loading...
According to a research report published this morning, Barclays has reduced SINA's
SINA PT from $70 to $66.
Barclays commented in the report, "Following our recent channel checks with advertising agencies, we see relatively cautious ad demand into 2Q12, especially for traditional banner/display ads. This, together with Sina's continued investment into the Weibo monetization effort and increased effort in censorship/monitoring mandates, we expect to lead to higher operating cost in 1H12 than we previously estimated. As a result, we adjust our cost assumption for 1H12 and lower our 2Q12 and FY12E revenue outlook."
Barclays maintains its Equal-weight rating on SINA, which closed Friday at $58.25.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in