UPDATE: Pacific Crest Securities Reiterates On SINA On Regulatory Uncertainty
In a report published Thursday, Pacific Crest Securities analyst Cheng Cheng reiterated an Outperform rating on SINA Corporation (NASDAQ: SINA), but lowered the price target from $88.00 to $75.00.
In the report, Pacific Crest Securities noted, “Although the impact from the regulatory situation is still unclear, we believe SINA is taking a conservative approach to guidance and any impairment to SINA's portal business will only modestly affect our SoTP analysis. We still see a disparity between SINA's asset portfolio value and its stock value.”
SINA Corporation closed on Wednesday at $47.88.
Latest Ratings for SINA
|Sep 2016||Brean Capital||Maintains||Buy|
|Aug 2016||JP Morgan||Assumes||Overweight|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.