Goldman Sachs Upgrades AsiaInfo Holdings (ASIA) to Conviction Buy
ASIA Hot Sheet
Rating Summary:3 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Goldman Sachs upgrades AsiaInfo Holdings (Nasdaq: ASIA) from Neutral to Buy and added the stock to their Conviction Buy list. The firm set a $31 price target.
The firm said the company should see 20% year-over-year growth, continued market share gains, increasing cross selling opportunities, an improving competitive environment, and could benefit from potential USD/RMB depreciation in 2010-2011.
The firm said the company should see 20% year-over-year growth, continued market share gains, increasing cross selling opportunities, an improving competitive environment, and could benefit from potential USD/RMB depreciation in 2010-2011.
You May Also Be Interested In
- UPDATE: Williams Financial Group Upgrades Semtech Corp. (SMTC) to Buy; Check Again...Quarter Was Fairly Strong
- UPDATE: Nomura Securities Upgrades Central European Distribution (CEDC) to Neutral; Strategic Alliance with Russian Standard
- JPMorgan Upgrades Illinois Tool Works (ITW) to Overweight
Create E-mail Alert Related Categories
Trader Talk, UpgradesRelated Entities
Goldman Sachs Conviction Buy ListSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
