JP Morgan Downgrades JRJC
By Scott Loeb
August 23, 2010 9:13 AM
August 23, 2010 9:13 AM
Symbols: JRJC
Posted in: Downgrades, Analyst Ratings
Analysts at J.P. Morgan, downgraded shares of China Finance Online (JRJC) to Neutral, due to near-term revenue drivers.
In its report, J.P. Morgan also reduced its price target to $8.90 from $12, stating, "The company earns the majority of its revenues from stock analysis software related products. This segment is seeing increasing competition from local players."
China Finance Online Co. Limited provides online financial and listed company data and information in the People's Republic of China.
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