UPDATE: Jefferies Lowers Price Target on Sina to $99

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According to Jefferies, Sina
SINA
price target is lowered to $99. Jefferies said that Sina reported 4Q11 results: rev in line, earnings 2.5% ahead of its estimates. “We reduce PT by 12% to USD99, from USD113, maintain Buy on improving visibility and upside potential from Weibo monetisation.” Sina closed yesterday at $62.95.
Posted In: Analyst ColorPrice TargetAnalyst RatingsJefferies
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