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Brean Murray Carret & Co. Assumes Coverage on SINA Corporation (SINA) at Buy; Weibo Offers Ample Runway for Growth

August 19, 2011 7:07 AM EDT Send to a Friend
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Price: $53.27 -4.62%

Rating Summary:
    21 Buy, 5 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 10 | New: 20
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Brean Murray Carret & Co. assumes coverage on SINA Corporation (NASDAQ: SINA) with a Buy. PT $128.00.

Brean analyst says, "We assume coverage of SINA with a Buy rating. We view SINA a compelling investment opportunity as we believe SINA Weibo, while at early stage of development, will be a transformable product for SINA and offers ample runway for growth. With 200+ million users under its belt, we see strong growth momentum and improving monetization visibility. SINA’s recent product rollouts as well as its pipeline suggests a clear path of moving towards a full-blown SNS platform."

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 $96.20 yesterday.




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