Pali Research Downgrades SINA Corp (SINA) to Hold
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Pali Research downgrades SINA Corp (Nasdaq: SINA) from Buy to Hold.
Pali analyst says, "SINA reported mixed 1Q09 results, gave somewhat weak 2Q09 guidance. Additionally, management’s tone regarding 2H09 was very conservative mainly due to the hard comp last year as a result of the Olympic Games, which was different than what we had expected. As a result, we make downward adjustments in our projections and change our rating from BUY to Neutral due to weaker growth in 2H09."
To see more analyst ratings on SINA Click Here.
SINA Corporation (SINA) is an online media company and value-added information services provider in the People’s Republic of China and for Chinese communities worldwide.
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