Roth Downgrades Giant Interactive (GA) to Hold
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Roth Capital downgrades Giant Interactive (NYSE: GA) from Buy to Hold.
Despite Q2 earnings that beat the Street estimates, investors are selling shares of Giant Interactive today. The stock is currently down about 8%, or $0.78, to $8.87.
Additionally, Piper Jaffray lowered its price target on Giant to $11, but maintained a Buy rating, which could also be weighing the stock.
Giant Interactive Group, Inc. develops and operates online games in China.
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