UPDATE: Pacific Crest Securities Reiterates On SINA On Regulatory Uncertainty
In a report published Thursday, Pacific Crest Securities analyst Cheng Cheng reiterated an Outperform rating on SINA Corporation (NASDAQ: SINA), but lowered the price target from $88.00 to $75.00.
In the report, Pacific Crest Securities noted, “Although the impact from the regulatory situation is still unclear, we believe SINA is taking a conservative approach to guidance and any impairment to SINA's portal business will only modestly affect our SoTP analysis. We still see a disparity between SINA's asset portfolio value and its stock value.”
SINA Corporation closed on Wednesday at $47.88.
Latest Ratings for SINA
|Mar 2015||Bocom||Downgrades||Long-term Buy||Neutral|
|Jan 2015||JP Morgan||Maintains||Overweight|
|Jan 2015||Pacific Crest||Downgrades||Outperform||Sector Perform|
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