Deutsche Bank Downgrades SouFun Holdings To Hold

Analysts at Deutsche Bank downgraded SouFun Holdings Ltd SFUN from Buy to Hold. The price target for SouFun Holdings has been lowered from $9.50 to $7.20. SouFun Holdings shares have dropped 29.97 percent over the past 52 weeks, while the S&P 500 index has surged 10.96 percent in the same period. SouFun Holdings' shares fell 4.47 percent to $7.70 in pre-market trading.