SINA (SINA) Shares Jump Higher as Pali Upgrades to Buy
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Shares of SINA Corp. (Nasdaq: SINA) have spiked just after the open as an analyst at Pali Research has upgraded the stock from Neutral to Buy. The firm also set a price target of $52.
The firm cites:
- advertising market pick up starting from Sept. '09;
- China's real economy is rebounding, 2010 will be a better year; and
- management investment in SINA.
Visit our Analyst Ratings page to see all the market-moving upgrades/downgrades on shares of SINA.
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