Market Overview

UPDATE: Citigroup Downgrades to Neutral

Related DATE
Benzinga's M&A Chatter for Tuesday March 3, 2015
Morning Market Gainers beats by $0.07, beats on revenue (Seeking Alpha)

Citigroup has published a research report on (NASDAQ: DATE) and has downgraded the stock from Buy to Neutral after the company's weak Q1 and missed Q1 guidance.

In the report, Citigroup writes, "Given the relatively conservative outlook for Jiayuan, we cut FY12E-14E non-GAAP NP by 12%, 7% and 6%. We downgrade the stock to Neutral from Buy (1H) based on: 1) lower estimates, given conservative revenue outlook and further marketing expansion; 2) slow progress of monetization from wireless platform; 3) continued competitive pressures. Given the Neutral rating, we have opted not to assign a target price for the stock given our view that there are insufficient valuation drivers or investment catalysts to derive a strong positive or negative investment view."

Citigroup has removed its $8.75 price target on, which is currently trading down $0.09 from yesterday;s $3.84 closing price.

Latest Ratings for DATE

Aug 2013OppenheimerDowngradesOutperformPerform
Feb 2013Bank of AmericaMaintainsUnderperform
Jul 2012OppenheimerMaintainsOutperform

View More Analyst Ratings for DATE
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Downgrades Price Target Analyst Ratings


Related Articles (DATE)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→