JANCO Upgrades SINA (SINA) to Buy; Positive L-T Macro Thematics Remains in Place
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Price: $59.57 +1.29%
Rating Summary:
19 Buy, 3 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
19 Buy, 3 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade SINA Now!
JANCO Partners upgrades SINA Corporation (NASDAQ: SINA) from Accumulate to Buy, raises PT from $66.59 to $100.88.
JANCO analyst says, "We expect the Company will release fiscal Q4’10 performance mid February. We’re confident the Company can meet or exceed fiscal Q4’11 guidance and street consensus. We’re encouraged over the long term macro performance drivers including: online advertising, Internet penetration growth, micro-blog (social network) development and China economic growth. The Company’s micro-blog platform has shown considerable subscriber generation, and will likely be a dominant social networking platform. As it relates to their Weibo platform, we realize Egypt’s recent flashmob experience could have some tangential impacts on Weibo, although we suspect PRC authorities are confident in their ability to quickly shutdown the microblog in the event of civil unrest; PRC authorities have blocked Egypt as a searchable word."
For more ratings news on SINA Corporation click here and for the rating history of SINA Corporation click here.
Shares of SINA Corporation closed at $80.68 yesterday, with a 52 week range of $32.00-$90.05.
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JANCO analyst says, "We expect the Company will release fiscal Q4’10 performance mid February. We’re confident the Company can meet or exceed fiscal Q4’11 guidance and street consensus. We’re encouraged over the long term macro performance drivers including: online advertising, Internet penetration growth, micro-blog (social network) development and China economic growth. The Company’s micro-blog platform has shown considerable subscriber generation, and will likely be a dominant social networking platform. As it relates to their Weibo platform, we realize Egypt’s recent flashmob experience could have some tangential impacts on Weibo, although we suspect PRC authorities are confident in their ability to quickly shutdown the microblog in the event of civil unrest; PRC authorities have blocked Egypt as a searchable word."
For more ratings news on SINA Corporation click here and for the rating history of SINA Corporation click here.
Shares of SINA Corporation closed at $80.68 yesterday, with a 52 week range of $32.00-$90.05.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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