In a report published Wednesday, Morgan Stanley analyst Jenny Jiang reiterated an Overweight rating on CNinsure Inc. (ADR) 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 Inc. closed on Tuesday at $8.22.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in