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Morgan Stanley Reiterates Overweight, Raises PT On CNinsure On Strong Results

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In a report published Wednesday, Morgan Stanley analyst Jenny Jiang reiterated an Overweight rating on CNinsure Inc. (ADR) (NASDAQ: CISG), and raised the price target from $9.00 to $10.00.

In the report, Morgan Stanley noted, "CISG showed a clear recovery in its traditional channels. Execution on its O2O strategy is also on track. With better alignment of shareholder and management interests, we are increasingly positive on its outlook."

CNinsure closed on Tuesday at $8.22.

Latest Ratings for CISG

DateFirmActionFromTo
Mar 2016Summit Research PartnersTerminatesBuy
May 2013Morgan StanleyMaintainsOverweight
Mar 2013Morgan StanleyMaintainsOverweight

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Posted-In: Jenny Jiang Morgan StanleyAnalyst Color Price Target Analyst Ratings

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