Gabelli Starts Shanda (SNDA) at Buy Ahead of Shanda Games IPO
Gabelli & Co. initiates coverage on Shanda Interactive Entertainment (Nasdaq: SNDA) with a Buy rating.
The firm's new coverage comes ahead of Shanda's planned IPO for its Shanda Games unit.
Shares of Shanda are tumbling today, currently down more than 5.5% to $55.19.
To see all the analyst upgrades/downgrades on shares of Shanda, visit our Analyst Ratings page.
Shanda Interactive Entertainment Limited, an interactive entertainment media company, operates online games in the People's Republic of China.
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