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UPDATE: Jefferies Lowers Price Target on Sina to $99

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According to Jefferies, Sina (NASDAQ: 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: JefferiesAnalyst Color Price Target Analyst Ratings

 

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