SNDA Downgraded On Low Earnings Visibility
Symbols: SNDA
Tags: Roth Capital
Analysts at Roth Capital downgrade Shanda Interactive (NASDAQ: SNDA) from "buy" to "hold." The target price for SNDA has been reduced from $65 to $48.
According to Roth Capital, the downgrade in the rating reflects the low earnings visibility into the performance of Shanda Games.
SNDA’s shares dipped 10.57% to reach $40.51 yesterday. More Analyst Ratings here
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